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In this video tutorial, the process of editing a contract template on Remote Pass is demonstrated. To begin, open a pending contract and click the "Edit Template" button. This will launch the smart editor, where you can customize the template by adding or editing sections. You can view available placeholders to create dynamic templates, and by typing the "@" symbol, you can search for these placeholders. The tutorial explains how to delete and reorder sections, and once editing is complete, save the changes by naming the template and clicking "Save." The updated template will automatically apply to the contract, and you can preview or download it. The new template will be saved for future use.