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In this video, the host discusses essential elements to include in a services business contract, using a one-page template from their early days. They emphasize the basics of contract formation and introduce tools for quickly obtaining legally binding signatures. The video offers a free contract template for viewers to use to attract more clients in their services business. The host encourages engagement by asking viewers to like, subscribe, and comment for more content. Additionally, they provide links for accessing the free template and a specific tool, Signaturely, designed for efficient contract signing.