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In this tutorial, Matthew guides viewers on creating a licensing agreement using legal templates. He directs them to legaltemplates.net, highlighting the business forms section where various forms are available. Matthew explains the process of locating the licensing agreement by entering "licensing agreement" and selecting Texas as the jurisdiction. He details the key elements to fill in, such as the owner of the intellectual property, the licensee, the specific intellectual property involved, and the type of license (exclusive or non-exclusive). He encourages viewers to specify the purpose of the license if desired. The tutorial emphasizes navigating the website and completing the document efficiently.