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In this video tutorial, the speaker discusses essential elements that should be included in a services business contract. They review a simple one-page contract used in the early stages of their business and highlight key components necessary for an effective agreement. The tutorial also introduces tools for quickly obtaining legally binding signatures. Viewers are encouraged to like, subscribe, and comment for more content, and a free contract template is offered through a link. Additionally, information about a tool called "Signaturely" for contract signing is provided.