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In this video tutorial, Matthew guides viewers on creating a Memorandum of Understanding (MOU) using legal templates. He instructs to click the link in the video description to access business forms. After viewing all available forms, users should use the search engine to find "Memorandum of Understanding." Matthew explains that when creating the document, you need to identify the first and second parties as either businesses or individuals, and provide their names, addresses, cities, states, and zip codes. The effective date of the MOU, project name, and objective must also be included, wherein users can detail the project's main objective. Lastly, he emphasizes outlining the expertise and experiences that both parties will contribute to the project.