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In this video, Mitchell Losey discusses the importance of contracts for photography and video businesses. He highlights the common situation where new professionals engage with clients without establishing clear payment terms or service expectations. Often, both parties neglect to discuss pricing upfront, leading to awkwardness after project completion when it's time to ask for payment. Losey emphasizes the need for clear communication regarding fees and services to avoid misunderstandings and ensure both parties are on the same page throughout the project.
