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In this tutorial, Matthew explains how to create a Memorandum of Understanding (MOU) using legal templates. First, viewers should click the provided link to access business forms, then search for "Memorandum of Understanding." The process involves defining the first party as either a business or an individual and providing their name, address, city, state, and zip code—repeat for the second party. The tutorial also covers outlining the MOU's effective date, project name, and objectives, emphasizing the importance of detailing the project's main objective. Additionally, Matthew discusses the expertise and experience each party will contribute to the collaboration.