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In this video tutorial, Matthew demonstrates how to create a photo licensing agreement using legal templates. He directs viewers to the provided link to access business forms, specifically recommending the search function to find the photo licensing agreement quickly. Matthew walks through selecting the relevant state and specifying the client, Mr. Ed, along with details about the photos involved, such as wedding or party images. He also discusses the type of license to be granted, suggesting options like exclusive licensing and perpetual terms. The video aims to simplify the process of drafting a licensing agreement.