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In this video tutorial, Matthew demonstrates how to create a licensing agreement using legal templates. He provides a link to legaltemplates.net, where viewers can find various business forms. Matthew navigates the website to access the licensing agreement form, specifically for Texas. He discusses the key items to fill out in the agreement, including the owner of the intellectual property, the licensee, the specific intellectual property, and the type of license (exclusive or non-exclusive) being granted. He also mentions the option to specify the purpose of the license if desired.