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In this video, Matthew guides viewers on creating an independent contractor agreement. He directs them to legaltemplates.net, where they can access various business forms. After selecting 'service contracts,' he highlights the option for the independent contractor agreement. Matthew chooses Texas as the state for the agreement and explains that users need to provide general information for both the client and the independent contractor. He emphasizes the importance of detailing the services provided, the compensation method, and any expense reimbursement arrangements. This step-by-step approach ensures a comprehensive and legally sound agreement.