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In today's video, Matthew demonstrates how to create a photo licensing agreement using legal templates. He provides a link to the templates and starts by navigating to the business forms section. Matthew recommends utilizing the search feature to easily locate the "photo licensing agreement." After finding it, he discusses selecting the applicable state and mentions the details required, including the client’s name—Mr. Ed—and the ownership of the photos. He notes the possibility of listing multiple photos, such as weddings or parties, and moves on to specify the type of license granted, indicating an exclusive, perpetual license.