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The Agile Off Contract Assistant in Microsoft Word offers a built-in template designer that facilitates the creation of document templates for standard contracts. These templates streamline the contract generation process by using standardized language while allowing for specific details, such as the company name and contract start date. To create a template, open an existing contract with standard language and select "create new template" in the Agile Off Word app. Input your template information, select relevant contract types, and click create to add the template to your knowledge base. Once added, you can access it when generating new agreements for the selected contract types.