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In this video tutorial, the presenter discusses key components that should be included in a services business contract. They review a one-page contract used in the early stages of their business and emphasize the basics for creating effective contracts. The video also introduces tools for quickly obtaining legally binding signatures. A free contract template is offered for viewers to use when signing clients. The presenter encourages viewers to like and subscribe for more content, and provides links for accessing the contract template and the signature tool called Signaturely.