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In this tutorial, Matthew explains how to create a Memorandum of Understanding (MOU) using legal templates. He instructs viewers to click on a link in the video's description to access business forms. After navigating to "view all business forms," users are advised to use the search feature to find the MOU template. The first step is to identify the first party as either a business or individual, followed by entering their name, address, city, state, and zip code. The same information is required for the second party. Viewers should also specify the MOU's effective date, project name, and its main objectives. Additionally, the tutorial covers how to outline the expertise and experiences both parties will contribute to the project.