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During the December holiday break, the speaker worked on contracts for a film, advocating to handle all of them personally due to their prior experience. They mentioned valuable resources like Mark Lick's contracts for the motion picture industry and various tools for independent filmmakers to create binding contracts. This approach aimed to save significant costs, specifically avoiding $55,000 in legal fees, which represented 5% of the budget. Once the cast was finalized, a key decision was made to implement pay-or-play deals for the three lead actors, a strategy highlighted by Jamie as a smart move. This ensured financial commitment to the leads despite potential production challenges.