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In this video tutorial, Matthew demonstrates how to create a licensing agreement using legal templates from legaltemplates.net. He guides viewers to access the website, navigate to the business forms section, and locate the "Licensing Agreement" form. Matthew explains the process of filling out the agreement, specifying the owner of the intellectual property, the license acquirer, and details about the intellectual property being licensed. He also mentions choices between exclusive and non-exclusive licenses and encourages users to specify the purpose of the license if desired. The video aims to help users efficiently create a legal licensing document.