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In this video tutorial, Matthew explains how to create a release of liability form. He directs viewers to a link for legal templates, where they can access various business forms. Using the search feature, he suggests looking for a "release of liability form waiver" and recommends selecting the "general release" option. Matthew walks through the steps of creating the document, including filling in the releaser's name (example: Matt), address, and city. He discusses specifying claims to be released, determining payment type (opted for money), and setting the agreement's date and governing state, which he suggests should be Texas. He mentions the need for a witness or notary.