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In this video tutorial, the presenter discusses the essential elements to include in a services business contract, using a one-page contract from their early days as an example. They outline the basics of contract formation and introduce tools for efficiently obtaining legally binding signatures. The presenter also offers a free contract template for viewers to use in their services business and encourages engagement through likes, subscriptions, and comments. Additionally, they mention Signaturely as a tool for signing contracts quickly. Links to the free template and Signaturely are provided in the description.