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A photo booth contract is a legal agreement used for renting portable photo booths, which capture images in a confined space and produce quick Polaroid-style photos, making them popular for various events like weddings and corporate gatherings. Despite the prevalence of cell phone cameras, traditional photo booths maintain a strong appeal. The video tutorial emphasizes the importance of using contracts whenever someone rents a booth, regardless of the client’s familiarity, to ensure clear terms and protection for the rental company. Additionally, it introduces e-Forms, a resource for customizable document templates, including a photo booth contract template available at the end of the video.