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In this video tutorial, Matthew guides viewers in creating a painting contract using legal templates. Viewers are directed to click on the link provided to access the templates, where they can find a variety of business forms. By using the search engine and entering "painting contract," viewers can create a document outlining the transaction, parties involved, description of service, number of projects, and price per project. Detailed information about the painting project, including what will be painted and specific details, should be included in the contract.