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In this video tutorial, the speaker discusses essential elements to include in a services business contract. They review a one-page contract used in the early days of their business and highlight fundamental components necessary for a legally binding agreement. The speaker also introduces tools for quickly signing contracts, emphasizing the importance of efficiency in client onboarding. A free contract template is offered for viewers, along with a tool called Signaturely for electronic signatures. The video encourages audience engagement through likes, comments, and subscriptions, aiming to provide valuable content for those starting a services business.