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In this video, Matthew provides a tutorial on creating a licensing agreement using legal templates. He guides viewers to legaltemplates.net and demonstrates how to navigate to the "Business Forms" section to find the relevant forms. Matthew specifically looks for the "Licensing Agreement" form, selecting Texas as the jurisdiction. He explains the process of identifying the owner of the intellectual property and the party acquiring the license. Viewers are instructed to fill in the specifics regarding the intellectual property and choose between granting an exclusive or non-exclusive license. He emphasizes the option to specify the purpose of the license if desired.