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In this tutorial, Matthew explains how to create a Memorandum of Understanding (MOU) using legal templates. He instructs viewers to click on the link in the video description to access business forms. After selecting "View All Business Forms," users should search for "Memorandum of Understanding" to begin creating the document. Participants need to identify the first and second parties as either a business or individual, providing their names, addresses, and other relevant details. Additionally, viewers are prompted to specify the MOU's effective date, project name, and objectives. Finally, he emphasizes detailing the expertise and experiences both parties will contribute to the project.