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In this tutorial, the speaker discusses essential components that should be included in a services business contract, referencing a one-page contract used in their early days. The video aims to provide viewers with a basic understanding of contract basics and tools for quickly obtaining legally binding signatures. The presenter offers a free contract template for viewers to utilize in signing clients. Additionally, they recommend a tool called Signaturely for easy contract signing. Viewers are encouraged to like the video, subscribe for more content, and comment for additional videos. Links to the free template and Signaturely are provided for easy access.