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The video tutorial discusses creating and using templates in NitroSign Premium to streamline document preparation. Templates have pre-defined form fields for approvers, signing fields, and additional receivers, saving time. To create a template, go to the template portal, name the template, and upload files. For example, an HR manager creating a template for onboarding employees adds an employee handbook and travel policy. The package overview allows pre-defining the package title, changing the template name, and managing the document. When adding form or signing fields, users have two options to fill in the details.