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In this video, Matthew guides viewers on creating an independent contractor agreement using LegalTemplates.net. He instructs to start by clicking the provided link and selecting "Business Forms." After clicking on "Service Contracts," viewers choose the "Independent Contractor Agreement." Matthew selects Texas as the state and then fills in the client's general information. Depending on who the user is, they will input either their information as the client or the independent contractor. The tutorial continues with steps to specify the services provided, compensation details, and how expenses will be reimbursed.