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In this video, Ivan from SimpleSheets provides a step-by-step tutorial for their contract management template, part of a collection of over a hundred pre-built templates. Viewers are encouraged to try five free templates via a link in the description. The introduction sheet includes a brief description of the template, definitions of key terms, customization difficulty, an explanation of included sheets, and usage instructions. Additionally, it offers a guide for using the templates with compatible online services. The template features a central dashboard for tracking various contracts with customers, vendors, partners, or employees, starting from the contract database sheet.