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In this video tutorial, Matthew demonstrates how to create a licensing agreement using legal templates. He guides viewers to the website legaltemplates.net, instructing them to navigate to the business forms section. After scrolling through the options, he selects the licensing agreement template, specifying Texas as the jurisdiction. Matthew discusses the key components to fill out, including the owner of the intellectual property, who is acquiring the license, and the type of license (exclusive or non-exclusive). He highlights the importance of detailing the actual intellectual property and the purpose of the license as needed. The video emphasizes using the provided link for easy access to forms.