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In this video, Matthew explains how to create a permanent employment contract. He directs viewers to a link for legal templates and advises them to search for "permanent employment contract" on the site to access various business forms. He outlines the essential components of the contract, including the names of the employer and employee, job title, responsibilities, working schedule (recommended as full-time), work location, employment type (fixed term or at-will), probation period, confidentiality, and basic salary. He emphasizes the importance of paying attention to specific details in these sections.