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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 created himself based on his experiences and client interactions. Julian emphasizes the need to make contracts simple and concise, often keeping them to one page with subheadings and bullet points, to encourage clients to read them. He notes that many clients overlook terms and conditions, so he strives to highlight key points that are crucial for future projects. However, he clarifies that this document is not legally binding.