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In this tutorial, Ivan from SimpleSheets presents a step-by-step guide on their contract management template, one of over a hundred pre-built templates available. Viewers are encouraged to click the link to try five free templates. The introduction sheet includes a description of the template, key definitions, customization difficulty, and instructions for use. It also features a guide for utilizing the templates with compatible online services. The main function of this template is to provide a central dashboard for tracking various contracts with customers, vendors, partners, or employees, starting with the contract database sheet. Viewers are invited to support the channel by liking and subscribing.