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This tutorial discusses the inefficiencies in the traditional contract negotiation process, which involves lengthy email exchanges and multiple revisions using tools like Microsoft Word and Google Docs. Panadoc streamlines the process by allowing users to create, send, redline, track, approve, and execute contracts all within one tool in a browser window. This eliminates the need to switch between multiple tools and simplifies the entire contract workflow. The tutorial provides a demonstration of how to use Panadoc for sending and completing a sample MSA.