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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They review a one-page contract used in their early days, highlighting the basics necessary for effective contracts. Additionally, the video presents tools for quickly obtaining legally binding signatures. Viewers are invited to access a free contract template to help them start signing more clients. The presenter encourages likes, subscriptions, and comments for similar content. They also mention Signaturely, a tool for managing contracts, with links provided for both the template and the tool in the description.