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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 shares his personal contract, which he has created through his own experiences. He emphasizes the importance of having clear terms and conditions for clients to understand before a shoot. The document is kept concise, with subheadings and bullet points, to encourage clients to read it thoroughly. Though not legally binding, the contract serves as a guide for future clients and important points are constantly updated based on past experiences.