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In this tutorial video, the presenter demonstrates how to void a contract and modify a voicemail template. The process begins from scratch, starting with creating a simple demo contract. The presenter inserts various fields, explaining the preference for text fields over text areas for simplicity. Tagging fields is emphasized as a crucial step for easy identification later. The video also mentions setting up Salesforce integration and briefly introduces the concept of the void function, though details on this are pending further explanation. The overall focus is on ensuring clarity and ease when managing contract fields and templates.