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In this video tutorial, Matthew guides viewers through creating a photo licensing agreement using legal templates. He starts by providing a link to these templates and suggests navigating to the business forms section. He recommends using the search function to find the "photo licensing agreement." Matthew discusses selecting the state and specifying the ownership of the photos, using "Mr. Ed" as the client and "Mr. Matt" as the photographer. He prompts viewers to indicate if there are multiple clients or photos, mentioning various types of events like weddings or parties. Lastly, he emphasizes the importance of defining the type of license granted, such as exclusive or perpetual.