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In this video tutorial, viewers learn how to edit a contract template using Remote Pass. Start by opening a pending contract and navigating to the "edit template" button. The smart editor provides options to customize the template, including adding or editing sections by clicking the blue text area. Users can access a list of available placeholders, type "@" to search for them, and can also delete or reorder sections. After editing, click "save changes," give the template a name, and save it. These changes will apply to the contract, and the updated template can be previewed or downloaded as a PDF. The new template will be saved for future use.