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In this video tutorial, Matthew demonstrates how to create a Memorandum of Understanding (MOU) using legal templates. He instructs viewers to first click the provided link and navigate to "business forms" to access a variety of templates. By utilizing the search function, viewers can find the MOU template. The process involves identifying the first party as either a business or an individual, followed by entering their details like name, address, and contact information. The same information is required for the second party. Next, viewers should specify the MOU’s effective date, project name, and outline the main objectives. Finally, participants are asked to detail the expertise and experiences relevant to the collaboration.