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In this video tutorial, Matthew demonstrates how to create a photo licensing agreement using legal templates. He directs viewers to access the link provided in the video description and navigate to the business forms section. To locate the photo licensing agreement, he recommends using the search function. Matthew explains the steps, including selecting the applicable state and entering client details, such as the ownership of photos, represented by "Mr. Ed" as the client. He also notes that there may be multiple photos involved, including wedding and party images. Lastly, he discusses selecting the type of license to be granted, mentioning options like exclusive and perpetual licenses.