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In this tutorial, Matthew explains how to create a Memorandum of Understanding (MOU) using legal templates. He advises viewers to click the link below the video and navigate to "business forms," then search for "memorandum of understanding." Matthew outlines the necessary steps: identify the first party as either a business or individual and provide their details (name, address, city, state, zip code). The same information must be gathered for the second party. Additionally, viewers should specify when the MOU becomes effective, the project name, and its objectives. Finally, he emphasizes detailing the expertise and experiences that the first party will contribute.