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In this video tutorial, the host discusses the essential elements to include in a services business contract, using an example of a one-page contract from their early days. The tutorial covers the basics needed for a legally binding contract and introduces tools for quick signing, emphasizing the importance of having a solid contract in place. The creator offers a free contract template for viewers to use, encouraging them to engage with the video by liking, subscribing, and commenting for more content. Additionally, a reference to a tool called Signaturely is provided, with links for viewers to access both the template and the tool.