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In this tutorial, Matthew explains how to create a joint venture agreement template. He instructs viewers to click a link in the video description, which redirects them to a document creation site. Once there, users should navigate to the "business forms" section and select "view all business forms." To simplify the process, they can type "joint" in the search bar. Next, viewers need to choose the state for the joint venture and begin filling out the required information, including the names and addresses of both parties involved, the name of the joint venture, and its street address.