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In this tutorial, Mitchell Losey discusses the importance of contracts for photography and video businesses. He highlights the common scenario where a new business owner engages with clients without clearly discussing payment or service expectations. This uncertainty can lead to awkwardness when it's time to address compensation, especially after completing a project. Losey emphasizes the necessity of having contracts in place to establish clear agreements on pricing and services upfront, ensuring both the service provider and the client are on the same page and preventing uncomfortable situations regarding payment later on.
