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In this video, Matthew explains how to create a photo licensing agreement using online legal templates. He guides viewers to find the necessary forms by clicking the link provided, focusing on the "business forms" section. Matthew suggests using the search function to locate the "photo licensing agreement." He demonstrates how to specify details such as the state, client ownership of photos, and the number of clients involved. He selects Mr. Ed as the client and discusses options for naming the photos, such as wedding or party images. Additionally, he covers the types of licenses that can be granted, including exclusive licenses and their duration.