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In this video, Matthew guides viewers through creating a licensing agreement using legal templates from legaltemplates.net. He begins by directing viewers to the business forms section of the website, where they can find various forms. Matthew demonstrates how to locate the licensing agreement form, specifically for Texas. He outlines steps to fill in details such as the owner of the intellectual property, the licensee (Mr. Add), and the specifics of the intellectual property involved. Additionally, he asks viewers to specify whether the license is exclusive or non-exclusive and encourages them to clarify the purpose of its use. The video provides a structured approach to drafting a licensing agreement.