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In this tutorial, Matthew explains how to create a Memorandum of Understanding (MoU) using legal templates. He instructs viewers to click a link provided in the video description, navigate to the business forms section, and search for "memorandum of understanding." Once accessed, users must specify if the first party is a business or an individual, providing necessary information such as name, address, city, state, and zip code. This process is repeated for the second party. The tutorial also outlines that users need to set the memorandum's effective date, project name, and main objective, detailing the project and the expertise each party will contribute.