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In this video tutorial, Matthew guides viewers on creating a Memorandum of Understanding (MOU) using legal templates. To begin, he instructs viewers to click a link provided in the video description, navigate to the business forms section, and search for "Memorandum of Understanding." Users will be prompted to create a document, starting with identifying the first party as either a business or an individual and entering relevant details such as name, address, city, state, and zip code. The same information must be provided for the second party. Additionally, viewers are advised to specify the effectiveness date, project name, objectives, and outline the expertise and experiences relevant to the parties involved.