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[Music] creating contract template so there are various scenarios under which you can create a contract template for example you can create a contract template from scratch you can create a contract template from an existing template then you can create a contract template from an existing contract so for example if its a huge contract and you foresee that in the future you may use something similar contract to reorder your purchasing goods or services and then you would like to avoid the long data entry and the terms and conditions entry so you can simply copy that contract as a template and reuse it as a part of contract template to create new contacts for future you can also create a new version of a contract template but when you create a new version the version must be activated before it can be used [Music] in all the cases when you create a contract template its created in draft status first but then you have to activate it before you use it to create a new contract so lets