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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They introduce a one-page contract originally used in their business's early days, outlining the basics necessary for effective contracts. Additionally, the presenter highlights useful tools for quickly obtaining legally binding signatures. A free contract template is offered for viewers to start signing clients immediately. Viewers are encouraged to like the video, subscribe for more content, and leave comments for future topics. Links for the free contract template and the signature tool, Signaturely, are provided for easy access.