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In this video tutorial, Matthew explains how to create a release of liability form. He directs viewers to a link for legal templates, where they can access various business forms. After navigating to the forms section, he suggests using the search function for "release of liability form waiver," specifically recommending the "general release" option. Matthew demonstrates filling in the form by entering a name (e.g., "Matt"), address, and city, choosing Texas as an example. He discusses key elements to include, such as claims to be released, consideration types (money or items), and date of agreement. Finally, he mentions the importance of including a witness or notary.