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In this video tutorial, Matthew guides viewers on creating a Memorandum of Understanding (MOU) using legal templates. To start, he instructs them to click a link in the video description and navigate to "business forms" to view all available forms. He emphasizes using the search function to find the MOU template. Users must identify the first party as either a business or individual, providing their name, address, city, state, and zip code, which also applies to the second party. Matthew then explains the need to determine the MOU's effective date, specify the project name, and outline its objectives. Additionally, he discusses detailing the expertise and experience that both parties will contribute to the project.