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In this tutorial, Ivan from SimpleSheets introduces a step-by-step guide to their contract management template, one of over a hundred pre-built templates available. Viewers can try five free templates via a link in the description. The video encourages audience engagement through likes and subscriptions. The introduction sheet includes a description of the template, definitions of key terms, customization difficulty, and usage instructions. There's also guidance on using the templates with compatible online services. The contract management template provides a central dashboard for tracking contracts with customers, vendors, partners, and employees, beginning with the contract database sheet.