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In this video, Matthew guides viewers on creating a photo licensing agreement using legal templates. He introduces the process by directing them to a link provided below the video. Matthew advises viewers to focus on the top of the screen to access business forms next to legal templates, and recommends using the search function to find the "photo licensing agreement." He explains selecting the appropriate state and discusses the client details, such as ownership of the photos, using an example of Mr. Ed as the client and Mr. Matt as the photographer. Matthew also mentions the possibility of including multiple photos and discusses the types of licenses available, specifically an exclusive, perpetual license.