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In this video, Matthew teaches how to create a photo licensing agreement using legal templates. He directs viewers to click the link provided in the description to access the business forms section. Matthew suggests utilizing the search feature to find the "photo licensing agreement." After locating it, viewers need to select the applicable state and specify ownership details, like identifying Mr. Ed as the client. He also covers options for the number of clients and types of photos, such as wedding or party pictures. Finally, he discusses selecting the type of license to be granted, including options like exclusive licensing and duration terms.