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In this video tutorial, Matthew explains how to create a licensing agreement using legal templates. He provides a link to legaltemplates.net, where viewers can find various business forms. Matthew navigates the website, selects "business forms," and searches for the "licensing agreement." He demonstrates how to create a document specific to Texas. He outlines important details to include, such as the owner of the intellectual property, the licensee, the type of license (exclusive or non-exclusive), and the purpose of the license. Viewers are encouraged to fill in specific information pertinent to their agreements.