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In today's tutorial, Matthew demonstrates how to create a photo licensing agreement using legal templates. He recommends starting by clicking the provided link to access business forms and searching for the "photo licensing agreement." After locating the form, he explains the process of filling it out, including selecting the relevant state and specifying ownership. Matthew uses an example where Mr. Ed is the client. He mentions the importance of listing the photos, which can include categories like weddings or parties, and discusses the type of license granted, suggesting options like exclusive licenses with specific purposes, such as perpetual rights.