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In this YouTube tutorial, Matthew demonstrates how to create a painting contract using legal templates. He provides a link to the templates and guides viewers on how to access and select the painting contract form. The key steps include specifying the transaction type (sale of service), identifying the service provider and customer, detailing the service description (e.g., painting a house or room), and setting the price per project. Additional options such as painting exterior walls or multiple rooms can also be included in the contract.