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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 presents his personal contract, which he has developed over time based on his experiences with clients. This document is a PDF that he revises whenever he encounters new situations that highlight essential points for future clients. To enhance readability, he aims to keep the contract to one page with subheadings and bullet points, as most clients tend not to read lengthy terms and conditions. Julian emphasizes that while his contract is not legally binding, it serves to communicate important information effectively.