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In this video, Ivan from SimpleSheets presents a step-by-step tutorial on their contract management template. This template is part of over a hundred smart templates available for use, with a link provided for trying five free templates. The introduction sheet features a description of the template, key definitions, customization difficulty, and instructions for utilizing the template. Additionally, there's guidance on using templates with compatible online services. The contract management template includes a central dashboard to track various contracts with customers, vendors, partners, or employees, starting with the contract database sheet.