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In this video, Matthew explains how to create an independent contractor agreement using LegalTemplates.net. Viewers are directed to click a link to access the site, where they can find business forms. Matthew selects the independent contractor agreement under service contracts and chooses Texas as the state. He outlines the process of filling in the client's information, noting that it can either be for the client or the contractor. Key sections to complete include the type of services provided, compensation details, and reimbursement for expenses. The tutorial emphasizes inputting accurate information for both parties involved in the agreement.