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In this video tutorial, Michael River explains how to set up and configure a trial account for WaiverFile. You can sign up for a free trial on their website by filling out a form. After signing up, you can customize the URL for your account and access the admin and signature links. Upon setup, you will receive an email with login information. The video demonstrates how to create a waiver form by entering a name and navigating to the setup button. Be sure to check your spam folder for the email if you don't see it right away.