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In this video, Matthew demonstrates how to create a release of liability form. He directs viewers to a link for legal templates, then goes to the business forms section. Using a search engine, he looks up "release of liability form waiver" and selects either a general release or car accident activity waiver, opting for the general release. He guides viewers through filling out the document, including naming the releaser, entering their address and the governing state (Texas), and specifying the claims to be released. Lastly, he mentions payment details (money or item) and the option to include a witness or notary.