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In this tutorial, Matthew explains how to create a memorandum of understanding using legal templates. He instructs viewers to click the link provided, navigate to the business forms section, and use the search function to find the memorandum of understanding form. Matthew details the information required, including identifying the first and second parties as either a business or an individual, and entering their names, addresses, city, state, and zip code. Next, he discusses specifying the effective date of the memorandum, the project name, and its objectives. Finally, he emphasizes the need to outline the expertise and experiences that the first party will contribute to the project.