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In this video tutorial by Ivan from SimpleSheets, he provides a step-by-step guide on their contract management template, part of their collection of over a hundred pre-built smart templates. Viewers are encouraged to try five free templates via a link in the description. The introduction sheet includes a description of the template, definitions of key terms, customization difficulty, explanations of associated sheets, and instructions for use. Additionally, it features a guide on integrating the templates with online services. The template facilitates a central dashboard for tracking various contracts with customers, vendors, partners, or employees, starting with the contract database sheet.