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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They share a one-page contract used in the early stages of their business, highlighting basic components and tools for quickly obtaining legally binding signatures. Viewers are encouraged to like and subscribe for more content, and a free contract template is offered through a link. Additionally, the tool Signaturely is introduced for managing contracts. The presenter emphasizes the importance of effective contracts to facilitate client signings.