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The tutorial on NitroSign Premium introduces the concept of templates to streamline document preparation. Templates in Nitro greatly reduce preparation time by using pre-defined form fields, approvers, signing fields, or additional receivers. To create a template, one must click the template portal on the top menu, upload the files, name the template, and manage the document. Options include pre-defining the package title, changing the template name, putting it into a specific document group or team, and managing the document in the template. When adding forms or signing fields, there are two options: adding the form fields here to add the form field type and fill in the details.