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In this tutorial by Ivan from SimpleSheets, viewers learn step-by-step how to use a contract management template. The video highlights that the template is one of over a hundred available, with a link to try five free templates before purchasing. It emphasizes the importance of liking and subscribing to support the channel. The introduction sheet describes the template’s features, key terms, customization difficulty, and instructions. Additionally, it provides guidance on using the templates with compatible online services. The main feature of the template is a central dashboard designed to help users track various contracts with customers, vendors, partners, or employees, starting with the contract database sheet.