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In this video tutorial, Matthew guides viewers on creating a licensing agreement using legal templates. He directs viewers to the website legaltemplates.net, specifically to the business forms section. After scrolling through various forms, he selects the licensing agreement template, choosing Texas as the jurisdiction. Matthew explains the process of specifying the owner of the intellectual property and the licensee acquiring the license. He also discusses identifying the type of intellectual property and the type of license to be granted, either exclusive or non-exclusive, and encourages viewers to specify the purpose of the use if desired. The video aims to help users effectively draft a licensing agreement.