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In this video tutorial, the presenter discusses essential elements to include in a services business contract, using an example of a one-page contract from their early days. They outline the basics of a contract and introduce tools for quickly obtaining legally binding signatures. The video also offers a free contract template for viewers to use for their own service businesses. Viewers are encouraged to like the video, subscribe for more content, and leave comments. Additionally, links to the free contract template and a tool called Signaturely are provided for those interested in streamlining their contract signing process.