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In this video tutorial, Matthew guides viewers on creating a photo licensing agreement using legal templates. He instructs to access the templates via a provided link in the description and to navigate to the business forms section. Matthew advises using the search function to locate the photo licensing agreement. Once found, viewers can select their state and proceed with details such as the client, ownership of the photos, and specific image types, like weddings or parties. He discusses options for the type of license, suggesting terms like an exclusive or perpetual license.