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In this tutorial, the speaker discusses the essential components of a services business contract, referencing a one-page contract used in their early days. Key topics include the basics that should be included in contracts and tools for quickly signing legally binding agreements. The speaker offers a free contract template that viewers can use to secure clients and encourages engagement through likes, comments, and subscriptions. Additionally, a tool called Signaturely for managing contracts is introduced, with links provided for viewers to access both the template and the tool. The video aims to simplify the contract creation process for service businesses.