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In this video, Matthew guides viewers on creating an independent contractor agreement using legaltemplates.net. He begins by directing them to the website and clicking on 'business forms', then selecting 'service contracts' to find the 'independent contractor agreement'. After choosing Texas as the state, he explains the need to input the client's general information and the independent contractor's details. Viewers are prompted to specify the type of services provided, outline compensation details, and how expenses will be reimbursed. The tutorial focuses on ensuring that all necessary information is accurately documented for the agreement.