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In this video tutorial, Matthew explains how to create a release of liability form. Viewers are directed to a link for legal templates, where they can access business forms. He suggests using the search engine to find a "release of liability form waiver" and recommends choosing either a general release or a car accident activity waiver, opting for the general release. Matthew demonstrates filling out the form using example information such as the name “Matt” and an address in Texas. He walks through various sections, including claims description, payment considerations, the agreement date, and the governing state, mentioning the potential need for a witness or notary as well.