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In this video tutorial by Ivan from SimpleSheets, he provides a step-by-step guide on using their contract management template, part of over a hundred available smart templates. Viewers are encouraged to click a link to try five free templates before purchase. The introduction sheet outlines the template's description, key terms, customization difficulty, and instructional guidance. It also includes advice on using the templates with compatible online services. The main feature of this template is a central dashboard for tracking contracts with customers, vendors, partners, or employees, starting with the contract database sheet.