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In this video tutorial, Matthew guides viewers on how to create a toll manufacturing agreement. To access the necessary legal template, viewers can click on the link provided and visit legaltemplates.net. Once on the site, they can navigate to business forms and select the toll manufacturing agreement. Key elements to include in the agreement are the manufacturer and buyer information, product specifications, raw material suppliers, warranties, payment options, tolling fees, and product delivery details. It is important to specify the state and address details for both parties involved in the agreement.