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In today's video tutorial, we will be creating a memorandum of understanding using legal templates. To start, click on the provided link and navigate to business forms to access the necessary templates. Use the search engine to find the memorandum of understanding form. Fill in the first and second party details including names, addresses, and project information. Specify the project name, objective, cooperation details, and expertise and experiences of both parties. Creating a comprehensive document is essential for outlining the terms of the agreement.