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In this video, Matthew demonstrates how to create a painting contract using Legal Templates. He directs viewers to the link in the video description and instructs them to navigate to the business forms section. Using the search engine, he searches for "painting contract" and selects the option to create a document. He outlines the transaction as a service, indicating that if viewers are providing the service, they should enter their information as the provider. Matthew then guides viewers to detail the service description, specifying the type of painting (e.g., house or room), the number of projects, and the price per project, including additional services like painting exterior walls.