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In this video tutorial, the process of removing a field from a contract template is explained. The presenter starts by accessing the template builder and selecting the contract template to edit. A list of active fields is displayed, and the desired field for removal is located. The presenter then unchecks the field, confirming the deletion when prompted by the system. It's noted that any pre-inserted data in the field will also be deleted, so caution is advised. Finally, the presenter emphasizes the importance of saving and updating the template after the change. The tutorial concludes with the successful removal of the field from the contract template.