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In this YouTube video tutorial, the speaker emphasizes the importance of having a thorough and legitimate contract as a DJ. Contracts are essential for protecting both the DJ and the client. The speaker highlights the significance of contracts in the DJ world, stating that they should be robust and cover all necessary aspects. It is emphasized that signing contracts is a common practice in various situations, even when clicking on internet agreements. A well-drafted contract is crucial for ensuring clarity and protection in the DJ business.