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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 over time based on his experiences with clients. The document is a PDF that he amends whenever he encounters new issues or important points that future clients should be aware of before a shoot. Julian emphasizes that many people do not read terms and conditions, so he keeps his contract to one page with subheadings and bullet points for clarity. Although he notes that his contract is not legally binding, it serves to communicate essential information effectively.