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In this tutorial on writing an agreement letter, the presenter explains that a letter of agreement is a legal document that formalizes discussions between two parties about a transaction. It is binding and can be created by anyone. The tutorial provides a step-by-step template for drafting the letter. Begin with a header that includes your name in all caps and your address, including city, state, and zip code. On the right, write the date, and on the left, include the recipient's full name, title, address, and location details. The letter should start with "Dear Mr. or Ms." followed by the recipient's name, and the first paragraph should outline the purpose of the agreement.