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In this video tutorial, Matthew guides viewers on creating a licensing agreement using legal templates. He directs them to legaltemplates.net and demonstrates how to navigate to the business forms section to find the necessary templates. Matthew explains the process of selecting the relevant forms, specifically focusing on the licensing agreement for Texas. He outlines the steps, including identifying the owner of the intellectual property, specifying the licensee, and filling in details regarding the intellectual property and the type of license—exclusive or non-exclusive. He encourages viewers to specify the purpose of the license if desired.