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A photo booth contract is a legal document used for renting portable photo booths, which capture images in a confined space and print polaroid-style photos. These booths are popular for various events like weddings, birthday parties, and corporate gatherings, maintaining their appeal despite the prevalence of cell phone cameras. It's essential for photo booth operators to use contracts consistently for each rental, ensuring clear terms and conditions. The video is presented by e-forms, a comprehensive database for various documents, and it promises a link to a customizable photo booth contract template at the end.