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In this video tutorial by Ivan from SimpleSheets, viewers are guided through a step-by-step process on using their contract management template, part of over a hundred available pre-built templates. Viewers are encouraged to try five free templates via a link in the description. The introduction sheet outlines the template's purpose, defining key terms, detailing customization difficulty, and presenting instructions for use. Additionally, it includes guidance on utilizing templates with compatible online services. The template provides a central dashboard for tracking various contracts with customers, vendors, partners, or employees, starting from the contract database sheet. Users are invited to support the channel by liking and subscribing.