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In this video tutorial, Matthew explains how to create a joint venture agreement template. He instructs viewers to click on a link provided in the video description, which directs them to a page to start the process. Upon accessing the site, users are guided to the "business forms" section, where they can search for "joint venture." Next, viewers must select the state where the venture will occur and input relevant details, including the names and addresses of the involved parties as well as the name of the joint venture. Matthew emphasizes that the address and other specific information must be accurately filled in to complete the document.