What is a template file in Ableton Live and why use it?
A template is a pre-designed or configured guide provided by the manufacturer of DAWs and used for the creation of music projects. In Ableton Live, templates can improve the track by providing a basic structure to it.
The templates also eliminate repetitive tasks and work as a reference for creating and arranging a song.
An Ableton live template is a customized file that can be used while creating a new song. It usually doesn't contain a complete song as far as MIDI and audio are concerned, but it has the common elements used in the majority of the tracks.