A contract model is used for quickly creating contracts based on a model you have saved. Also is much easier to create a contract based on a model.
Those models can contain an entire contract or just parts of it, contracts that you will use often. Rather than creating a contract step by step , manually, it's to use a model that will help to create a contract faster, then you can also adjust the contract according to your preferences.
To see how do you create a contract model click here.
To see how do you use a contract model click here.