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In this tutorial, Matthew guides viewers on creating a memorandum of understanding using legal templates. To start, click the link in the video description to access business forms. Use the search feature to find the memorandum of understanding form. The process requires identifying the first party, whether it's a business or an individual, and entering relevant details such as name, address, city, state, and zip code. The same information must be provided for the second party. Additionally, specify the effective date, project name, and objective, detailing the project's main goals. Finally, outline the expertise and experiences that both parties will contribute to the collaboration.