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Julian Lalo, a Melbourne-based fashion and food photographer, discusses the importance of contracts for freelance photographers in his video tutorial. He shares his personal contract, which he has created over the years based on his experiences with clients. The one-page document includes subheadings and dot points to make it easier for clients to understand. While the contract is not legally binding, Lalo emphasizes the importance of including key points to ensure a smooth photoshoot process.