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In this video tutorial, Matthew instructs viewers on how to create a memorandum of understanding using legal templates provided by Legal Templates. Viewers are guided to click the link below the video to access the business forms section and search for the memorandum of understanding template. The template requires information about the first party's identity, address, and expertise, as well as details about the project name, objective, and cooperation with the second party. Be sure to fill in all necessary fields to create a comprehensive document.