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In this video tutorial, Matthew explains how to create a release of liability form. Viewers are directed to a link for legal templates, where they are advised to click on "business forms" and use the search function to find "release of liability form waiver." He selects "general release" for this example. Matthew demonstrates how to fill out the document, using placeholder names and addresses, specifically for Texas. The steps include specifying claims to be released, selecting payment type (money), entering the amount, and setting the date of the agreement. He also mentions the need for a witness or notary in the process.