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In this video tutorial, the speaker discusses essential elements to include in a services business contract. They will review a one-page contract previously used and highlight the basics necessary for effective contracts. Additionally, the speaker introduces tools for quickly signing legally binding contracts. The video includes a free contract template viewers can access by clicking a link, as well as information about Signaturely, a tool for obtaining signatures. The speaker encourages viewers to like the video, subscribe, and leave comments for more related content. Overall, the tutorial aims to help viewers create and manage contracts for their services business efficiently.