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In this tutorial, Matthew guides viewers on creating a licensing agreement using legal templates. He directs them to the legaltemplates.net website, specifically focusing on the business forms section. After navigating to the appropriate forms, he selects the licensing agreement and specifies Texas as the location to create the document. Matthew explains the process of identifying the agreement owner and the licensee. Viewers are prompted to fill in details about the intellectual property, including whether to grant an exclusive or non-exclusive license, and to specify the purpose of the license if desired. The tutorial emphasizes a straightforward approach to drafting a licensing agreement.