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In this tutorial, Matthew guides viewers through creating a licensing agreement using legal templates. He directs them to legaltemplates.net and shows how to navigate to business forms. After finding and selecting the "licensing agreement" specific to Texas, he explains filling out the document, addressing the ownership of the intellectual property and the licensee. Matthew discusses choosing between exclusive and non-exclusive licenses and encourages viewers to specify the purpose of the usage if desired. The video provides a step-by-step approach to creating a licensing agreement efficiently.