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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 developed over time through his experiences with clients. Julian emphasizes that his contract is not legally binding, but he continually updates it to include important points for future clients based on previous situations. He aims to simplify the document to one page with subheadings and bullet points, recognizing that clients often overlook lengthy terms and conditions. His goal is to encourage clients to read the essential information outlined in the contract.