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In this video tutorial, the presenter discusses essential elements to include in a services business contract, referencing a one-page contract used in their early days. The video covers the basics of what should be in a contract and introduces tools for quickly obtaining legally binding signatures. Viewers are encouraged to engage by liking the video, subscribing, and commenting for more similar content. A free contract template is offered, accessible through a provided link, along with a recommendation for Signaturely, a tool for signing contracts. The presenter emphasizes the importance of having a solid contract for securing clients in a services business.