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In this video, Julian Lalo, a Melbourne-based fashion and food photographer, discusses the importance of having a contract as a freelance photographer. He shares his personal contract, which he has created over the years based on his experiences. The contract is kept simple, with subheadings and bullet points under each, to make it more likely for clients to read and understand. While not legally binding, the contract includes important points for future clients to know before a shoot. Keeping it to one page, Julian emphasizes the importance of setting clear expectations with clients.