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In this tutorial, Craig from DJ Planning Center discusses how to create and manage contract templates for events. He starts by navigating to the dashboard and selecting "contract templates" under the setup section. Craig emphasizes the importance of creating specific templates tailored to different event types based on individual company needs. He demonstrates the process by creating a "wedding reception contract" as an example. Once a name is chosen, he moves on to the editing page where users can enter the contract details. The tutorial promises to guide viewers through setting up and using these contract templates to streamline their event planning process.