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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They review a one-page contract used in their early days and explain basic components necessary for a legal contract. The video also introduces tools for quickly obtaining legally binding signatures. The presenter offers a free contract template for viewers to use and encourages them to like, subscribe, and comment for more content. Additionally, they mention a tool called Signaturely, providing links for viewers to access both the contract template and the signature tool. The emphasis is on simplifying the signing process and acquiring clients effectively.