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In this video tutorial, Matthew guides viewers on creating a photo licensing agreement using legal templates. He provides a link to the necessary resources and demonstrates how to navigate the website by selecting "business forms" and searching for a "photo licensing agreement." Matthew illustrates the process of filling out the agreement, including specifying the state for tax considerations, identifying the owner of the photos (Mr. Ed), and determining if there are multiple clients. He advises on naming the photos (e.g., wedding and party) and discusses the type of license that can be granted, highlighting options such as exclusive and perpetual licenses.