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In this video tutorial, Ivan from SimpleSheets provides a step-by-step guide on using their contract management template. The template is part of their pre-built and smart templates collection, offering over a hundred options. The introduction sheet includes a description of the template, key term definitions, customization difficulty, sheet explanations, and instructions on usage. The template features a central dashboard for tracking contracts with customers, vendors, partners, and employees. The video encourages viewers to try five free templates before purchasing and to support the channel by liking and subscribing to SimpleSheets.