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In this video tutorial, Matthew guides viewers on creating a Memorandum of Understanding using legal templates. He starts by instructing to click the link provided, navigate to 'Business Forms,' and view all options. He emphasizes using the search feature to find the 'Memorandum of Understanding.' The tutorial explains the necessary details to fill out, including identifying the first and second parties (business or individual) by providing their names, addresses, and contact details. Matthew outlines additional elements required for the document, such as the effective date, project name, objectives, and the expertise both parties will contribute to the cooperation.