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In this video, the presenter discusses the top 10 essential elements to include in a photography contract. They emphasize the importance of having a contract, noting that it conveys professionalism in business dealings. The presenter acknowledges that these elements may vary depending on individual circumstances and encourages photographers to adapt their contracts as their business evolves. They highlight that over time, photographers may identify additional items to incorporate into their agreements, emphasizing that contracts are dynamic and should reflect the photographer's needs as they gain more experience.