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In this video tutorial by Ivan from SimpleSheets, a step-by-step guide on the contract management template is presented. This template is part of over a hundred pre-built and smart templates available for users. Viewers can try five free templates through a link in the description. The introduction sheet provides a brief description of the template, key terms, customization difficulty, and instructions for optimal use. Additionally, a guide for integrating templates with compatible online services is included. The template features a central dashboard for tracking various contracts with customers, vendors, partners, or employees, starting from the contract database sheet.