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In this video tutorial, Matthew explains how to create a release of liability form. Viewers can access the form through a link to legal templates. He guides users to navigate to the business forms section and suggests using the search function to find the "release of liability form waiver." Matthew recommends choosing either the general release or car accident activity waiver, opting for the general release in his demonstration. He proceeds to fill out the form with a sample name, address, and city (Texas). He also discusses including claims descriptions, payment considerations (choosing money), the amount, the date of the agreement, and the governing state, which he keeps as Texas. Witness or notary details are mentioned as well.