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In this video tutorial, Matthew walks viewers through creating a licensing agreement using legal templates. He directs them to legaltemplates.net, where they can find various business forms. After selecting the 'licensing agreement' and choosing Texas as the jurisdiction, he explains the process of filling out the document. Key points include identifying the owner of the intellectual property, the licensee (Mr. Add), and detailing the type of license (exclusive or non-exclusive). Matthew advises viewers to specify the purpose of the license if desired. The video provides a step-by-step approach for those looking to set up a licensing agreement.