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In this tutorial, Matthew guides viewers on creating a release of liability form using Legal Templates. He suggests going to Business Forms and searching for "release of liability form waiver" to choose between general release or car accident waiver. A sample form is completed with details like the releaser's name and address, claims description, payment type and amount, governing state, and the need for a witness or notary. The process is straightforward and can be customized as needed for legal protection.