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In today's video, Matthew demonstrates how to create an independent contractor agreement. Viewers are directed to a link for legaltemplates.net, where they can access various business forms. He highlights the process of selecting 'service contracts' and then 'independent contractor agreement,' choosing Texas as the state. The tutorial involves entering information for the client and the contractor, including their details and the services provided. Matthew also emphasizes specifying compensation methods, including how the independent contractor will be paid and how expenses will be reimbursed.