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In this video tutorial, Matthew explains how to create a release of liability form. He provides a link to legal templates and guides viewers to click on business forms to find various options. By using the search feature, he recommends selecting either the general release or car accident activity waiver, opting for the general release. Matthew demonstrates filling out the document, starting with the name of the releaser and their address, and mentioning Texas as a location. He discusses entering claims to be released, choosing payment type (money or item), and filling out the amount. Finally, he notes the importance of including the date of the agreement and governing state, which will also be Texas, and addresses the need for a witness or notary signature.