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In this video tutorial by Ivan from Simple Sheets, viewers learn to navigate the contract management template, part of a collection of over 100 pre-built, smart templates. Audiences can try five free templates via a link in the description. The introduction includes a description of the template, key term definitions, and customization difficulty. There are also instructions for utilizing the template, along with a guide for using 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 and subscribe to support the channel.