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In this tutorial, Matthew guides viewers on creating a licensing agreement using legal templates from legaltemplates.net. He instructs users to navigate to the business forms section and search for the licensing agreement form. After selecting Texas as the jurisdiction, he outlines the key components to fill out, including details about the owner of the intellectual property, the licensee, the specific intellectual property involved, and whether the license is exclusive or non-exclusive. Matthew encourages specifying the purpose of the license if desired. The tutorial provides practical steps to create a customizable agreement efficiently.