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In this video tutorial, the presenter demonstrates how to utilize the contract management template. They begin by hiding the top ribbon for more workspace, then proceed to the settings page. Here, users can select their language and establish data rules, which include categories for duration, contract value, contract type, periodicity, and status. The translation tab offers English, French, and Portuguese, with an option to add a new language. The responsible section allows users to input individuals in charge of contracts, exemplified by adding a person named Bob Marley. Finally, the presenter introduces the contract database, emphasizing its role as the primary input section for entering contracts and their details.