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In this video tutorial, the presenter demonstrates how to edit a contract template on the Remote Pass platform. To start, users should open a pending contract, scroll down, and click the "edit template" button. The smart editor allows for customization by adding and editing sections through the blue text area. Users can access a list of available placeholders for dynamic templates and can search for them using the add sign. Sections can also be deleted or reordered. After editing, users should save changes, name the template, and click "save." These modifications will automatically apply to the existing contract. Users can preview the changes in the browser or download a PDF. The new template will be saved for future use.