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In this video, Matthew explains how to create a construction contract agreement. He directs viewers to a link for legal templates and advises them to click on "business forms" to access the service contract option. Matthew selects the "construction contract agreement" for Texas and walks through the process of filling out the owner’s information, noting that there can be more than one owner. He specifies that the contractor can be an individual or corporation and emphasizes the need to provide the contractor’s address and license number. The tutorial aims to guide viewers through the necessary steps to complete the contract.