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In this video tutorial, Matthew guides viewers on how to create a release of liability form. He provides a link to legal templates where users can find various business forms. Matthew suggests using the search function to locate the "release of liability form waiver," recommending either a general release or car accident activity waiver. He proceeds with a general release, demonstrating how to fill it out by entering the releaser's name, address, and details of claims to be released. Matthew also discusses payment considerations and suggests using money as the payment method. Finally, he mentions that the governing state is likely Texas, where he resides, and touches upon the need for a witness or notary.