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In this video, Julian Lalo, a Melbourne-based fashion and food photographer, discusses the importance of contracts for freelance photographers. He shares his personal contract, which he has developed over time based on experiences with clients. The contract is designed to be concise, typically one page long, with subheadings and bullet points to make it easy to read. Julian emphasizes that most people do not read terms and conditions thoroughly, so he aims to create a document that highlights essential information for future clients. He acknowledges that his contract is not legally binding, but it serves as a guideline to clarify important points before a shoot.