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In this Salesforce CPQ video tutorial, Sudha Sundhra with over 12 years of experience in Salesforce and 11 certifications, provides an introduction to contracts and renewal models. She discusses how contracts are generated from opportunities in the sales process, emphasizing the importance of creating a lasting record of purchased products and services for customers. The tutorial covers key aspects of the Salesforce CPQ process, including configuring products, pricing, and contracting, highlighting the significance of accurately recording customer transactions.