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In this video tutorial, Matthew guides viewers on creating a Memorandum of Understanding (MOU) using legal templates. He instructs to first click the link provided in the video description, navigate to "business forms," and utilize the search feature to find the MOU template. Users must identify the first party as either a business or individual and enter their name, address, city, state, and zip code. The same information is required for the second party. Next, viewers should specify the MOU's effective date, project name, and objectives. Finally, the tutorial covers detailing the expertise and experiences each party will contribute to the project.