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In this tutorial, Ivan from SimpleSheets provides a step-by-step guide on using their contract management template, one of over a hundred available. Viewers can try five free templates by clicking the link in the description. The introduction sheet includes a description of the template, key term definitions, and an explanation of customization difficulty. There are instructions for utilizing the template and a guide for using it with compatible online services. The template offers a central dashboard for tracking contracts with customers, vendors, partners, or employees, beginning with the contract database sheet. Viewers are encouraged to like and subscribe for more content.