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In this tutorial on Zoho Contracts, Arjun introduces how to create a new contract type and build a corresponding contract template. Configuring contract types is essential for utilizing Zoho Contracts effectively. To do this, users should access the contract types list by selecting the admin tab and then contract types from the left panel. Zoho Contracts offers 14 built-in contract types with predefined templates. To create a new contract type, click "New Contract Type," define its primary attributes—such as category, intent, initiator, and approval workflow—then enter a name for the contract type. After saving, users will be redirected to the edit template page to continue setting up the contract.