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In this video, Matthew guides viewers on creating a photo licensing agreement using legal templates. He directs them to the provided link, encouraging them to explore the business forms section. He suggests using the search function to find the photo licensing agreement template easily. After locating it, he explains the process of selecting the applicable state and tax information. Matthew sets an example with Mr. Ed as the client and discusses entering details like the client’s name and the types of photos (e.g., wedding, party). He concludes by explaining the type of license being granted, specifying it as an exclusive, perpetual license.