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In this video tutorial, Matthew explains how to create a Plumbing contract using a legal template from LegalTemplates.net. By following the link provided, users can access various business forms and search for specific templates like Plumbing contract. The template includes sections for service details, service provider information, customer details, description of service, price per project, and quantity. Users can customize the template to suit their needs by filling in relevant information for their plumbing services.