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In this video tutorial, Ivan from SimpleSheets presents a step-by-step guide on their contract management template, one of over a hundred pre-built templates available. 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, explanations of included sheets, and usage instructions. A short guide on integrating the templates with compatible online services is also provided. The template allows users to maintain a central dashboard for tracking contracts with customers, vendors, partners, or employees, starting with the contract database sheet.