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In this tutorial, Matthew explains how to create a Memorandum of Understanding (MOU) using legal templates. First, he instructs viewers to click the link provided in the video description to access business forms. Users are guided to search for "memorandum of understanding" among the various available forms. The process requires identifying the first party as either a business or individual, followed by inputting their name, address, city, state, and zip code. The same information is needed for the second party. Matthew emphasizes detailing the project's name and objective, as well as outlining the cooperation by describing the expertise and experiences of the first party.