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In this video tutorial, the presenter, Machu, guides viewers on creating a terms of use agreement using legal templates available through a provided link. He highlights navigating to the business forms section, where viewers can search for the terms of use agreement. Selecting Texas as the chosen state, he explains the necessary information to fill out, including contact details like company name, email, phone, and address. Machu emphasizes the importance of including a privacy policy URL and suggests that viewers should consider having one if they don't already. He also mentions including basic website information and options for additional users and content provided by users.