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In this tutorial by Ivan from SimpleSheets, viewers will learn to use a contract management template, part of over a hundred available pre-built templates. The video offers a step-by-step guide, beginning with an introduction sheet that includes a template description, key term definitions, customization difficulty, and instructions for usage. Additionally, it features guidance on integrating templates with online services. The central dashboard allows users to track contracts with customers, vendors, partners, or employees, starting with the contract database sheet. Viewers are encouraged to like and subscribe to the channel, and they can try five free templates before purchasing.