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In this video tutorial, Matthew explains how to create a release of liability form. He directs viewers to a link for legal templates and suggests navigating to the business forms section. He demonstrates using the search function to find a release of liability form, specifically selecting a general release. Matthew guides viewers through the process of creating the document by filling in details such as the name, address, and city (exemplified by Texas). He instructs on adding information regarding claims to be released, selecting between payment options such as money or items, and indicating the date of agreement and governing state. The tutorial also mentions the need for a witness or notary.