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In this video, Matthew demonstrates how to create a Memorandum of Understanding (MOU) using legal templates. He starts by guiding viewers to click the link below the video and navigate to "business forms" to view all available forms. He advises using the search engine to find the MOU template. The process includes identifying the first and second parties as either businesses or individuals, followed by inputting their names, addresses, city, state, and zip code. Viewers are then prompted to specify when the MOU will become effective, the project's name, and its main objectives. Finally, Matthew explains how to outline the expertise and experiences each party will contribute to the collaboration.