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In this video tutorial, the speaker discusses the essential elements that should be included in a services business contract, using a one-page template from their early days. They emphasize the basics of contract creation and introduce tools for quickly signing legally binding agreements. The tutorial offers a free contract template for viewers to start signing clients and encourages engagement through likes, comments, and subscriptions for more content. Additionally, the speaker mentions Signaturely as a tool for contract signing, providing links for viewers to access both the template and the tool.