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In this video tutorial, Matthew guides viewers through the process of creating a licensing agreement using legal templates. He directs them to legaltemplates.net, where they can access a variety of business forms. He specifically instructs viewers to navigate to the business forms section, locate the licensing agreement form, and select Texas for document creation. Matthew discusses key components, such as identifying the owner of the intellectual property, the licensee acquiring the rights, and defining the type of license (exclusive or non-exclusive). He emphasizes the importance of filling in details about the intellectual property and its intended use.