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In this video tutorial, Ivan from SimpleSheets introduces a contract management template. This template is part of over a hundred pre-built options offered by the platform, and viewers can try five free templates through a link in the description. The introduction sheet provides a brief overview of the template, definitions of key terms, customization difficulty, and instructions for using the template effectively. Additionally, there's a guide for using these templates with compatible online services. The template features a central dashboard for tracking various contracts with customers, vendors, partners, or employees, beginning with the contract database sheet.