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In this video, Matthew guides viewers on creating an arbitration agreement using legaltemplates.net. He instructs to begin by clicking on the provided link to access the website, then navigating to the "Business Forms" section. Once there, users should select "Arbitration Agreement" under "Business Operation." After choosing Texas as the state, viewers can opt to create a document or preview it as a PDF. Matthew demonstrates by selecting two businesses as the parties involved and starts the process of entering details, beginning with the name of the first party, "Matt King."