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In this video, Cheryl from Made on Sunday Studio shares how to create and send a digital contract that can be signed electronically, legally, and for free. She notes that while there are many paid CRM options available for automating contracts, they can be expensive and often require subscriptions for additional services. For those just starting their business or only needing to send a few contracts each month, Cheryl provides a couple of free options for handling contracts independently. She emphasizes the importance of contracts in a business setting and prepares to guide viewers through the process in the tutorial.