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In this video, Matthew guides viewers on creating a painting contract using Legal Templates. He directs them to the link in the description, advising to navigate to the "Business Forms" section and search for "painting contract." After selecting the "create document" option, he explains the necessary details: identifying the transaction as a service, entering the provider's information, and the customer's details. Matthew also mentions describing the service—such as painting a house or room—and includes fields for the number of projects and pricing per project, particularly if multiple areas like outside walls or different rooms are involved.