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In this video tutorial, Matthew explains how to create a Memorandum of Understanding (MOU) using legal templates. First, viewers are instructed to click a link to access business forms on the site. Using the search feature, they should find "Memorandum of Understanding" to create the document. The process includes identifying the first party (either a business or an individual) by providing their name, address, city, state, and zip code, and repeating the same for the second party. Next, details about the effective date, project name, and objectives must be included. Finally, the tutorial covers specifying the expertise and experiences the first party will bring to the project.