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Editing law tag contracts in Microsoft Word is straightforward. It's advisable to use Word to avoid formatting issues that may arise with other applications. The tutorial focuses on a product delivery agreement available as a freebie on Law Tag, designed for customization with your business and client information. Key elements to adjust are the bolded, bracketed, and italicized sections, along with underscored areas that require your input. For instance, you would replace the placeholder name with "Rachel Brunke Photography" and unbold it. This process allows you to tailor the contract to fit your business practices efficiently.