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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. The contract is a one-page PDF document with subheadings and bullet points to make it easy to read. Although not legally binding, it includes important points for clients to know before a shoot. Lalo emphasizes the importance of reading contracts thoroughly, as they contain crucial information.