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In this video tutorial, the presenter discusses essential components that should be included in a services business contract. They review a one-page contract used in their early days and highlight basic elements necessary for a legally binding agreement. The video also introduces tools to facilitate quick signing of contracts. Additionally, viewers are offered a free contract template for their own use and are encouraged to engage with the content by liking the video, subscribing, and leaving comments. The presenter mentions Signaturely as a recommended tool for managing contracts and provides links for accessing both the contract template and Signaturely.