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In this tutorial, Ivan from SimpleSheets presents a step-by-step guide on using their contract management template, part of their collection of over 100 pre-built templates. Viewers are encouraged to try five free templates before purchasing. The introduction sheet includes a description of the template, key terms definitions, customization difficulty, and instructions for use. Additionally, there's guidance on integrating the templates with compatible online services. The contract management template features a central dashboard for tracking various contracts with customers, vendors, partners, or employees, starting with the contract database sheet.