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In this video, Matthew demonstrates how to create a photo licensing agreement using legal templates. He provides a link to access these templates and advises viewers to use the search function for efficiency. He searches for "photo licensing agreement," selects a state for taxation purposes, and identifies the client, Mr. Ed, while noting that multiple clients can be included. Matthew also mentions the importance of naming the photos and their respective titles, highlighting examples like wedding and party photos. Lastly, he discusses the type of license to be granted, mentioning options like exclusive licenses and perpetual terms.