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In this video tutorial, the speaker discusses the essential elements of a services business contract, highlighting a one-page contract used at the beginning of their business. The video aims to outline the basics that should be included in such contracts and introduces tools for quickly obtaining legally binding signatures. A free contract template is offered for viewers to use, encouraging them to engage with the content by liking, commenting, and subscribing. Additionally, the speaker mentions Signaturely, a tool for signing contracts, providing links for viewers to access both the contract template and the signing tool.