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In this video tutorial, Matthew explains how to create a Memorandum of Understanding (MOU) using legal templates. He starts by directing viewers to click a link provided in the video description, leading them to business forms. After accessing the search engine, he recommends typing in "memorandum of understanding" to find the necessary document template. The tutorial covers the initial steps of filling out the MOU, including identifying parties involved (business or individual), entering their names and addresses, establishing the effective date, and outlining the project name and objectives. Matthew also emphasizes detailing the expertise and experiences each party brings to the agreement.