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In this video tutorial, Ivan from SimpleSheets introduces a step-by-step guide for their contract management template. He highlights that this is one of over a hundred pre-built templates available, encouraging viewers to try five free templates before purchasing. The introduction sheet provides a description of the template, key term definitions, customization difficulty, and an overview of the included sheets. Additionally, it includes instructions for using the template and tips for compatibility with online services. The central dashboard allows users to track various contracts with customers, vendors, partners, or employees, starting with the contract database sheet.