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In this video tutorial, Matthew guides viewers on creating a Memorandum of Understanding (MOU) using legal templates. He instructs to click on a provided link, navigate to "business forms," and use the search engine to find the MOU template. Users should identify the first party as either a business or individual and provide relevant details such as name, address, city, state, and zip code. The same information must be supplied for the second party. Next, viewers need to specify when the MOU will be effective, the project name, and the main objectives. Finally, he emphasizes outlining the expertise and experiences that each party will bring to the cooperation.