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In this video tutorial, Matthew demonstrates how to create a letter of intent using legaltemplates.net. He instructs viewers to click the link provided to access the site, then navigate to the "Business Forms" section and click "View All Business Forms." Using the search function, he looks for a letter of intent and selects it. Matthew advises viewers to specify the type of purchase, choosing "business" for this example, and to indicate the location (Texas). He then fills in details about the seller, buyers, and the company's name, specifically using "MK Tips" as the company being sold. The video provides a step-by-step guide for drafting the document.