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The video tutorial explains how to update submission settings for agreements, ensuring that operations managers receive email updates when salespeople fill them out. It also sends a receipt of the agreement to the client. To do this, first, access the correct form to edit (e.g., the 21-day form). Once in the form, navigate to 'submission settings.' The key settings to enable are 'notification emails' and 'confirmation emails.' The 'notification emails' will alert the operations manager when a form is submitted, while the 'confirmation emails' will send a receipt to the client.