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In this video tutorial, the presenter discusses essential elements to include in a services business contract, sharing insights from an old one-page contract used in the early stages of their business. Key points cover the basics of contract creation and tools available for quick, legally binding signatures. The presenter offers a free contract template for viewers to start signing clients and encourages engagement by liking the video, subscribing, and commenting for more content. Additionally, a tool called Signaturely is introduced, with links provided for accessing both the contract template and the signature tool. The session aims to help streamline the contract process for service businesses.