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In this video tutorial, Ivan from SimpleSheets introduces the contract management template, part of a collection of over a hundred pre-built templates. Viewers are encouraged to try five free templates through a link in the description. The introduction sheet provides a brief overview of the template, key term definitions, customization difficulty, and usage instructions. It also includes guidance for integrating templates with online services. The contract management template features a central dashboard to track contracts with customers, vendors, partners, or employees. The tutorial begins with an explanation of the contract database sheet.