A release form is usually used to give the production company permission to produce and share a video where a person appears.
They're important because they give a photographer legal permission to use and publish the photos they take of people.
I found this template on which I will base my release form and did some further research to add any missing points e.g. adding a parent signature space in case of a minor.
Here is my version:
These are the filled-in papers by the actors:
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