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In this tutorial, viewers learn how to write a letter of agreement, which is a legal document between two parties to formalize a transaction. The letter is binding and can be created by anyone. The tutorial provides a step-by-step template. It begins with writing a header that includes the sender's name in uppercase letters, along with their address, city, state, and zip code. The date should be placed on the right side, while the recipient's details, including their full name, title, and address, are listed on the left. The letter opens with "Dear Mr. or Ms." followed by the recipient's name. The first paragraph should introduce the purpose of the letter.