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In this tutorial, Matthew demonstrates how to create a licensing agreement using legal templates. He guides viewers to visit legaltemplates.net, focusing on the business forms section. After navigating through various forms, he selects the licensing agreement template specific to Texas. The tutorial covers essential elements such as identifying the owner of the intellectual property, the entity acquiring the license, and the specific intellectual property involved. Viewers are prompted to choose between an exclusive or non-exclusive license and are encouraged to specify the purpose of the agreement. The video provides a step-by-step approach to creating a licensing document effectively.