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In this video, Matthew demonstrates how to create a release of liability form. He begins by directing viewers to click a link to access legal templates. Users should navigate to the business forms section and utilize the search function to find the release of liability form waiver. Matthew chooses the general release option and starts creating the document. He provides examples for filling in the releaser's name, address, city (Texas), and claims descriptions. The form includes sections for payment consideration, specifying either money or items, along with the amount. Finally, he mentions that the governing state will likely be Texas and references the inclusion of a witness or notary.