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In this tutorial, Matthew explains how to create a Memorandum of Understanding (MOU) using legal templates. First, viewers are directed to click a link provided in the video, which leads them to the business forms section. Matthew highlights the importance of using the search function to find the MOU template. When creating the document, users must identify the first party as either a business or individual and provide their name, address, city, state, and zip code. The same information is required for the second party. Additionally, viewers are instructed to state when the MOU will become effective, as well as the project name and its main objectives. Lastly, it's necessary to outline the expertise and experiences of both parties involved.