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In this video, Matthew demonstrates how to create a photo licensing agreement using legal templates. He guides viewers to access these templates via a link provided in the video description. Matthew suggests focusing on the top of the screen, where business forms are located, and using the search function to find the photo licensing agreement efficiently. He discusses selecting the relevant state and identifies the client, Mr. Ed, while confirming that there may be multiple clients. The video further outlines entering details about the photos involved, such as their names and types, and explains the licensing options, including choosing between an exclusive license and specifying the license duration as perpetual.