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In this video, Ivan from SimpleSheets provides a step-by-step tutorial on their contract management template, one of over a hundred pre-built smart templates available. Viewers are encouraged to try five free templates by clicking the link in the description. The introduction includes a brief overview of the template, definitions of key terms, customization difficulty, and instructions for usage. A guide for utilizing the templates with compatible online services is also provided. The template features a central dashboard for tracking various contracts with customers, vendors, partners, or employees, beginning with the contract database sheet.