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In this video tutorial, Ivan from SimpleSheets introduces a contract management template, part of their collection of over 100 pre-built templates. Viewers can access five free templates through a link in the description. The introduction sheet provides a description of the template, definitions of key terms, customization difficulty, and an overview of included sheets. It also offers instructions for using the template and a guide on integrating it with compatible online services. The central dashboard allows users to track contracts with customers, vendors, partners, or employees, starting with the contract database sheet.