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In this video, Matthew guides viewers on creating an independent contractor agreement using LegalTemplates.net. He instructs to click a link in the video description to access the site, starting with business forms. He navigates to "Service Contracts" and selects "Independent Contractor Agreement," choosing Texas as the state. Matthew emphasizes the importance of entering client and contractor information, including names and addresses. He also discusses detailing the type of services provided, the compensation structure for the contractor, and how expense reimbursements will be handled.