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In this tutorial by Ivan from SimpleSheets, viewers are guided through a step-by-step process of using the contract management template. This template, part of over 100 available from SimpleSheets, allows users to manage contracts with customers, vendors, partners, or employees. The introduction sheet includes a description of the template, key term definitions, customization difficulty, and an overview of the included sheets. Additionally, it provides instructions for utilizing the template and a guide for compatibility with online services. The tutorial emphasizes the central dashboard function for tracking contracts and begins with the contract database sheet. Viewers are encouraged to like and subscribe to the channel.