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In this video tutorial, Matthew explains how to create a memorandum of understanding on legal templates. To start, you need to click on the provided link and navigate to business forms. Legal templates offer various forms, so use the search engine to find memorandum of understanding. Once you create the document, specify the first party as a business or individual with their details. Repeat the process for the second party. Define the project name, objective, cooperation, expertise, and experiences of both parties.