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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 from their early days and highlight the key components necessary for a solid agreement. The video also introduces tools for quickly obtaining legally binding signatures. Viewers are encouraged to like the video, subscribe, and comment for more content. A free contract template is available through a provided link, along with information about using a tool called Signaturely for signing contracts efficiently. The tutorial aims to help viewers sign more clients for their service business.