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In this video, Matu discusses creating a nanny contract using legal templates from legaltemplates.net. To access the templates, viewers need to click on the business forms section on the website. Instead of scrolling through all the forms, Matu suggests using the search engine to find the relevant contract. The contract will outline the sale of service, with the provider being the nanny and the buyer being the customer. The contract should include a description of the nanny's services and any additional terms agreed upon.