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In this video, Matthew demonstrates how to create a licensing agreement using legal templates. He directs viewers to legaltemplates.net, specifically to the business forms section. After navigating through various forms, he searches for a licensing agreement and selects Texas as the relevant jurisdiction. Matthew discusses key components of the agreement, including the owner of the intellectual property, the licensee, and the specifics of the intellectual property. He emphasizes the importance of specifying whether the license is exclusive or non-exclusive and suggests detailing the purpose of the license. Viewers are encouraged to follow along and fill in the necessary information as they proceed.