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In this video tutorial, Matthew explains how to create a photo licensing agreement using legal forms or templates. He directs viewers to a link under the video to access the forms. By using the search window, viewers can easily find the specific form they need, such as a photo licensing agreement. The form includes fields for the client's name and title, the photos' ownership, and the type of license granted, such as an exclusive license for a specific purpose. The agreement is designed to be perpetual until specified conditions are met.