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In this video tutorial, the host discusses the essential elements of a services business contract, referencing a simple one-page contract used in the past. Key points include the basics that should be included in any contract and tools available to facilitate quick, legally binding signatures. The video offers a free contract template for viewers to use to secure more clients and encourages engagement through likes and comments. Additionally, a recommendation for Signaturely, a tool for managing signatures, is also provided. Viewers can access both the free contract template and Signaturely through links in the description.