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In this tutorial, Randy from Excel for Freelancers introduces the Document and Contract Designer, which enables users to create unlimited documents and contracts. The training covers how to customize these documents by adding various fields, including text blocks, data items, and global variables such as date and time. Randy emphasizes the flexibility of the tool, allowing for extensive customization. By the end of the training, participants will be able to create, fill out, send documents via email, and generate PDFs, making it a comprehensive resource for managing contracts and documents effectively.