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In the video tutorial, 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 based on his own experiences. The contract is a one-page PDF document with subheadings and dot points to make it easy to read. Although it is not legally binding, Julian emphasizes the importance of outlining key points for clients to know before a shoot. Keeping the document simple and concise helps ensure that clients understand the terms and conditions.