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In this video tutorial, Ivan from SimpleSheets presents a step-by-step guide on their contract management template, part of over a hundred available templates. Viewers are encouraged to try five free templates via a provided link. The introduction sheet includes a description of the template, key term definitions, customization difficulty, and instructions for use. A guide on utilizing templates with compatible online services is also provided. The template features a central dashboard to manage various contracts with customers, vendors, partners, or employees, beginning with the contract database sheet.