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In this video tutorial, Ivan from SimpleSheets introduces their contract management template, part of over a hundred pre-built options available. Viewers are encouraged to try five free templates linked in the description. The introduction sheet provides a brief description, key term definitions, customization difficulty, an overview of included sheets, and usage instructions. Additionally, there's a guide on integrating templates with compatible online services. The template features a central dashboard to help users manage contracts with customers, vendors, partners, or employees, starting with the contract database sheet.