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In this video, Matthew demonstrates how to create a Memorandum of Understanding (MOU) using legal templates. Viewers are instructed to click a link beneath the video to access business forms. They should use the search function to find "memorandum of understanding" and begin document creation. The first step involves identifying the first party as either a business or individual, followed by inputting their name, address, city, state, and zip code. The same information applies to the second party. Next, users specify the MOU's effective date, project name, and main objective. Finally, the video covers detailing the expertise and experiences that each party will contribute to the project.