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In this tutorial video, Ivan from SimpleSheets provides a step-by-step guide on their contract management template, part of over a hundred available templates. Viewers are encouraged to try five free templates through a link in the description. The introductory sheet outlines the template's purpose, key term definitions, customization difficulty, and guidance on using the provided sheets. It also includes instructions for utilizing the template with compatible online services. The central dashboard allows users to track various contracts with customers, vendors, partners, or employees, starting with the contract database sheet. The video promotes engagement through thumbs up and subscriptions to the channel.