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In this video, Matthew explains how to create a release of liability form. He directs viewers to legal templates through a link provided in the description. After selecting "business forms," he suggests using the search function to find the "release of liability form waiver." He chooses the general release option and proceeds to fill out necessary details, including the name of the releaser (e.g., Matthew), address, and city. He notes the claims description to indicate what is being released and selects payment considerations, opting for money as the compensation. Matthew also mentions specifying the date of the agreement and the governing state, which he indicates will be Texas. Finally, viewers are advised to include a witness or notary.