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In this video tutorial by Ivan from SimpleSheets, he presents a step-by-step guide on using their contract management template, part of over a hundred pre-built templates available. Viewers are encouraged to try five free templates via a link in the description. The introduction sheet includes a description of the template, key definitions, customization difficulty, an overview of included sheets, and usage instructions. Additionally, there's a guide on using templates with compatible online services. The template features a central dashboard for tracking contracts with customers, vendors, partners, and employees, starting with the contract database sheet.