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In this video, the tutorial demonstrates how to edit a contract template on Remote Pass. Begin by opening a pending contract and clicking on the "edit template" button. This grants access to a smart editor for customization. Users can add or edit sections by clicking on the blue text area and utilize available placeholders for dynamic templates. The video explains how to search for placeholders using the add sign, as well as how to delete and reorder sections. After editing, users should click "save changes," assign a name to the template, and click "save." Changes apply automatically to the contract, with options for previewing or downloading the PDF. The new template will be saved for future use.