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In this video, Matthew guides viewers on creating an independent contractor agreement. He instructs to click on the provided link to access legaltemplates.net, where users can find business forms. He navigates to the service contracts section and selects the independent contractor agreement for Texas. The tutorial emphasizes filling out the general information for both the client (Mr. Ed) and the independent contractor. Viewers are prompted to specify the type of services provided and outline the compensation structure. Additionally, it covers expenses reimbursement details to ensure clarity in the agreement.