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In this video tutorial, Matthew explains how to create a photo licensing agreement using legal templates. He directs viewers to a link under the video to access business forms. Matthew suggests using the search function to locate the "photo licensing agreement." After selecting it, he discusses choosing the applicable state and specifying who owns the photos, using "Mr. Ed" as an example. He notes that multiple clients can be included and mentions different types of photos, like weddings and parties. Lastly, he addresses the type of license to be granted, indicating options such as exclusive or perpetual licenses.