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In this video, Matthew demonstrates how to create a Memorandum of Understanding (MOU) using legal templates. He begins by instructing viewers to click on a provided link to access business forms. After navigating to view all business forms, he emphasizes the importance of using the search function to locate the MOU template. Matthew explains the necessary details to fill out, including identifying the first and second parties as either businesses or individuals, along with their names and addresses. He then discusses additional elements to include, such as the effective date of the MOU, the project name, objectives, and the expertise both parties will contribute to the collaboration.