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In this video tutorial, the presenter explains how to use the contract management template. They begin by hiding the top ribbon for better space usage and then navigate to the settings page. Here, users can select their language and configure data rules, including duration, categories, contract value, type, periodicity, and status. The translation tab allows for three languages: English, French, and Portuguese, with options to add a new language by translating listed expressions. The responsible section is where users can enter individuals responsible for contracts, exemplified by adding "Bob Marley." The tutorial then transitions to the contract database, the primary section for entering contract details, starting with adding a contractor's name.