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In this video, Matthew explains how to create a licensing agreement using legal templates. He provides a link to legaltemplates.net, where viewers can access various business forms. After navigating the site and selecting "business forms," he demonstrates how to find a licensing agreement. Matthew emphasizes the importance of identifying the owner of the intellectual property and the individual acquiring the license. He also notes that viewers should specify the type of license (exclusive or non-exclusive) and the nature of the intellectual property being licensed. The tutorial aims to guide viewers through the process of creating a document tailored to their needs.