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In this tutorial, Matthew guides us on creating a licensing agreement using legal templates from legaltemplates.net. He shows us how to access the business forms section, find the license agreement template, and fill in details such as the owner of the agreement, the intellectual property, the licensee, and the type of license granted. It is important to specify the purpose of the license and any additional terms as needed. Visit the link provided in the video description to access the templates for creating your own licensing agreement.