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In this video, Matthew demonstrates how to create a release of liability form. He begins by directing viewers to a link for legal templates, specifically in the business forms section. He suggests using the search function to find the "release of liability form waiver" and recommends selecting the "general release" option. Matthew provides examples, such as filling out the name of the releaser and their address, preferring Texas as a location. He outlines additional steps, including specifying the claims to be released, determining payment considerations (choosing money as the form of payment), and noting the date of the agreement. He also mentions the need for a witness or notary.