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In this video tutorial, Michael River discusses how to set up a free trial for WaiverFile, configure waiver forms, and adjust settings. Viewers can sign up for the free trial on the website by filling out a form. The URL field can be customized to have a unique address for the waiver file account. After signing up, users will receive an email with login information. To get started, users can create a waiver form name and proceed with setting up their account.