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In this video tutorial, Matthew guides viewers on creating a Memorandum of Understanding (MOU) using legal templates. He instructs to first click the link provided, navigate to "business forms," and search for "Memorandum of Understanding." Matthew explains that users will begin creating their document by identifying the first party as either a business or individual, inputting their name, address, city, state, and zip code. The same information is required for the second party. Next, users should indicate the effective date of the MOU and specify the project name and objectives. Lastly, he emphasizes detailing the expertise and experience each party will contribute to the project.