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In this video tutorial, the presenter explains how to electronically sign a contract received from an accountant. The contract will appear in the to-dos or contracts section on the left sidebar, displaying the contract name, signatory details, date sent, and status (initially pending). By clicking on the contract, users can view all details and access the signature field at the bottom. To sign, input your name, agree to the terms by checking the box, and click on "sign." A date stamp will appear at the bottom. The status remains pending until all required signatures are collected; it will change to complete once all signatories have signed.