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In this tutorial, Ivan from SimpleSheets presents a step-by-step guide to the contract management template, part of a collection of over a hundred pre-built templates. Viewers are encouraged to try five free templates via a link in the description. The introduction sheet outlines the template's features, definitions of key terms, customization difficulty, and usage instructions. It also includes guidelines for integrating the templates with compatible online services. The main function of this template is to provide a central dashboard for tracking contracts with customers, vendors, partners, or employees, starting with the contract database sheet.