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In this video, Matthew guides viewers on creating an independent contractor agreement using LegalTemplates.net. He instructs them to click a link in the video description, which leads to the site where users can access business forms. He navigates to the service contracts section and selects "Independent Contractor Agreement," choosing Texas as the state for the contract. Matthew emphasizes the importance of inputting client and independent contractor information, detailing the services provided, and specifying payment and expense reimbursement terms. He encourages viewers to follow along for a comprehensive understanding of the agreement process.