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In this video, Matthew demonstrates how to create a release of liability form. He begins by directing viewers to click on a link to legal templates and navigate to the business forms section. Matthew suggests using the search function to find the "release of liability form waiver," recommending the general release option. He provides a step-by-step process for filling out the form, including entering the name (e.g., "Matt"), address, city, and claims description. He also addresses the payment method, opting for money and specifying an amount. Finally, he notes the date of the agreement and mentions that the governing state will be Texas, concluding with a reminder about the witness or notary requirement.