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In this video tutorial, Matthew guides viewers on creating a licensing agreement using legal templates from legaltemplates.net. He suggests clicking on business forms, selecting the document named "listen think agreement" and choosing Texas as the location. The owner of the agreement can be chosen as the intellectual property owner, and the licensee can be specified as Mr. Add. The type of intellectual property and license (exclusive or non-exclusive) should be filled in, along with the purpose of the license. Additional details can be added as needed.