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In this video, Ivan from SimpleSheets presents a step-by-step tutorial on their contract management template, part of their collection of over a hundred pre-built templates. Viewers are encouraged to try five free templates via a link in the description. The introductory sheet includes a description of the template, definitions of key terms, and customization difficulty. It also provides instructions for using the template and a guide for integration with compatible online services. The template features a central dashboard to track contracts with customers, vendors, partners, or employees, starting with the contract database sheet.