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In the video tutorial, Matthew explains how to create a joint venture agreement template. Viewers are instructed to click on a link provided in the video description to access the necessary business forms. By searching for "joint" in the search engine, viewers can find the appropriate form for their state. The form requires information such as the names and addresses of the parties involved, the name of the joint venture, and the venue. By following these steps, viewers can easily create their own joint venture agreement.