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In this video tutorial, we explore how to use the contract management template effectively. First, we hide the top ribbon to maximize workspace. We navigate to the settings page to select the desired language and establish data rules, including duration categories, contract value categories, contract types, periodicity, and status. In the translation tab, we find options for English, French, and Portuguese, with the capability to add a new language. Next, we enter the responsible persons for contracts, exemplified by adding "Bob Marley." Finally, we access the contract database, the main section for entering contracts and their details, initiating the setup of a new contractor.