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In this tutorial, Ivan from SimpleSheets presents a step-by-step guide on 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 contains descriptions, key terms, customization difficulty, and instructions for using the template, along with a guide for compatibility with online services. The template features a central dashboard to track contracts with customers, vendors, partners, or employees, beginning with the contract database sheet. The video also invites viewers to support the channel by liking and subscribing.