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In this YouTube video tutorial, Matthew explains how to create a photo licensing agreement using legal forms or templates. He directs viewers to the link below the video to access the necessary forms. Matthew demonstrates how to navigate the website to find the desired form by using the search window. He shows viewers how to fill in details such as the owner of the photos, clients' names, titles, and types of licenses to be granted, such as exclusive licenses. The agreement is discussed to be perpetual until a certain event occurs.