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In this video tutorial, Ivan from SimpleSheets guides viewers through their contract management template, one of over a hundred pre-built templates available. He encourages viewers to try five free templates through a link in the description. The introduction sheet offers a brief overview of the template, key definitions, customization difficulty, details about included sheets, and usage instructions. Additionally, a guide for using templates with compatible online services is provided. The central feature of the template is a dashboard for tracking various contracts with customers, vendors, partners, or employees, starting with the contract database sheet.