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In this video tutorial, Matthew demonstrates how to create a release of liability form. Viewers are directed to click a link for legal templates, then navigate to business forms and use the search function to find 'release of liability form waiver.' He advises selecting either a general release or a car accident activity waiver, opting for the general release. Matthew guides users to input a name (e.g., "Matt"), address, city (Texas), claims description, payment details (choosing money), and the amount. He also mentions that the date of the agreement and the governing state will likely be Texas, concluding with the need for a witness or notary.