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In this video, Matthew demonstrates how to create a release of liability form. He provides a link to legal templates where users can find various business forms. He suggests using the search function to locate the "release of liability form waiver," recommending either a general release or a car accident activity waiver, opting for the general release. Matthew explains the steps to create the document, including filling in the name of the releaser (using "Matt" as an example), address, city (Texas), claims to be released, payment type (choosing money), the amount, and the date of the agreement. He concludes by mentioning the need for a witness or notary.