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In this tutorial, Matthew guides viewers on creating a Memorandum of Understanding using legal templates. He instructs to click a link below the video to access business forms, then search for "memorandum of understanding." Users will create a document by first identifying the first party as either a business or an individual, providing their name, address, city, state, and zip code. The same information is required for the second party. Viewers also need to specify when the memorandum becomes effective, mention the project name, and outline the project's main objectives if desired. Lastly, the tutorial emphasizes detailing the expertise and experiences of both parties.