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In this video, Matthew guides viewers on creating a licensing agreement using legal templates. He provides a link to legaltemplates.net, instructing users to navigate to the business forms section and search for the licensing agreement. After selecting Texas, he emphasizes identifying the owner of the intellectual property and the licensee. Viewers are advised to fill in details about the intellectual property and choose between an exclusive or non-exclusive license. Matthew encourages specifying the purpose of the license if desired. The video aims to assist viewers in completing a legal document for licensing agreements efficiently.