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In today's video, Matthew will guide us on creating a memorandum of understanding using legal templates. Click on the link provided to access the business forms with a wide range of templates. Search for "memorandum of understanding" and fill in details for the first and second party including name, address, city, state, and zip code. Specify the project name, objective, cooperation details, expertise, and experiences. Be clear and detailed in outlining the main objective of the project for effective cooperation.