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In this video, Matthew demonstrates how to create a release of liability form. He guides viewers to click the link provided to access legal templates, then navigate to 'business forms.' Using the search engine, he suggests looking for a "release of liability form waiver" and selecting either a general release or a car accident activity waiver, recommending the general release. He illustrates filling out the document, entering details such as the releaser's name, address, and claims to be released. Matthew discusses choosing "money" for consideration, entering an amount, and setting the date of the agreement, typically aligned with the governing state, which he uses as Texas, and mentions the need for a witness or notary.