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In this tutorial, Ivan from SimpleSheets provides a step-by-step guide on using their contract management template. The video introduces a variety of pre-built templates available for users, encouraging viewers to try five free templates through a provided link. The introduction sheet outlines the template’s features, key definitions, customization difficulty, and instructions for use. It also includes a guide on utilizing the templates with compatible online services. The core function of this template is to create a central dashboard for tracking contracts with customers, vendors, partners, or employees, beginning with the contract database sheet.