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To create a contract template in M-Files from an existing document, select the desired contract and click "Save as Template." Fill out the metadata card, which will generate a template. Note that new templates are initially recognized as draft and must undergo a review process to be marked active before appearing in the active template library. To create a template from a new document, start by classifying it as a contract template, select the application for drafting, and complete the metadata card. You will then proceed with the full document creation process.