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In this video, Matthew demonstrates how to create a release of liability form. He directs viewers to click a link for legal templates and select "business forms." Using the search feature, he suggests entering "release of liability form waiver" and choosing either "general release" or "car accident activity waiver," with a focus on the general release. Matthew outlines the steps: inputting the releaser's name and address, specifying claims to be released, and selecting payment type, which can be money or an item. Finally, he advises ensuring the governing state matches the location, and mentions the inclusion of a witness or notary for the agreement.