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In this video tutorial by Ivan from SimpleSheets, viewers are guided through a step-by-step process of using a contract management template, part of a collection of over 100 pre-built templates. The introduction includes an overview of the template, key terms, customization difficulty, and instructions for usage. Additionally, it provides a guide for using templates with compatible online services. The template features a central dashboard for tracking contracts with customers, vendors, partners, or employees, starting with the contract database sheet. Viewers are encouraged to like the video and subscribe to the channel, with an option to try five free templates before purchasing.