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In this video, Matthew guides viewers on creating an independent contractor agreement. He begins by directing them to a specific link on legaltemplates.net to access business forms. He navigates to service contracts, selects the independent contractor agreement, and chooses Texas as the state. Matthew advises entering general information for both the client (Mr. Ed) and the independent contractor. Viewers are instructed to specify the services provided, outline compensation, and clarify reimbursement for expenses. The tutorial encompasses essential steps for drafting the agreement effectively.