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In this tutorial, Matthew demonstrates how to create a memorandum of understanding using legal templates. Viewers are instructed to click the link provided, navigate to business forms, and search for "memorandum of understanding." The process begins by identifying the first party as either a business or an individual, followed by entering the necessary details such as name, address, city, state, and zip code. The same information is required for the second party. Additionally, viewers should specify the memorandum's effective date, project name, and main objective if desired. Lastly, it is important to detail the expertise and experiences that each party will contribute to the project.