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In this video tutorial, Matthew guides viewers through creating a licensing agreement using legal templates available at legaltemplates.net. He instructs viewers to navigate to the business forms section and find the licensing agreement. After selecting Texas as the location, he explains how to fill out the document, which includes identifying the owner of the intellectual property, the licensee, and specific details about the intellectual property in question. Matthew also prompts viewers to choose between granting an exclusive or non-exclusive license and suggests specifying the purpose of the use if desired. The link to the legal templates is provided in the video description.