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In this video tutorial, Matthew explains how to create a release of liability form. He directs viewers to click a link for legal templates and navigate to business forms. Matthew suggests using the search function to find "release of liability form waiver," recommending either a general release or a car accident activity waiver. He chooses the general release option and demonstrates how to fill it out by entering the releaser's name, address, city, and selecting Texas as the governing state. The video includes steps for listing claims to be released and specifying payment details, such as type and amount, before discussing the need for a witness or notary.