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In this video tutorial, the presenter explains how to create an independent contractor agreement, a vital document for entrepreneurs hiring independent contractors. The importance of having this agreement lies in its protective benefits for employers. The tutorial outlines a specific method to create this document for free by using a one-week trial, although a yearly subscription option is available for unlimited document creation. Viewers are directed to visit the provided link to access Law Depot forms, where they can search and select independent contractor agreements to proceed with the creation process.