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In this tutorial, Matthew explains how to create a Memorandum of Understanding (MOU) using legal templates. He instructs viewers to click the link provided in the video description, navigate to "business forms," and use the search function to locate the MOU template. Users must identify the first party, whether a business or individual, and input relevant details such as name, address, city, state, and zip code. The same information is required for the second party. Additionally, viewers need to specify the effective date of the MOU, provide the project name, and outline its main objectives. Lastly, he emphasizes detailing the expertise and experiences that each party will contribute to the cooperation.