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Julian Lalo, a Melbourne-based fashion and food photographer, discusses the importance of contracts for freelance photographers in his video tutorial. He shares his personal contract, a document he has developed over the years based on his experiences working with clients. Lalo emphasizes the importance of clearly outlining key points for clients to know before a shoot and keeping the document concise to encourage clients to read it. Although not legally binding, the contract serves as a valuable tool for setting expectations and protecting both parties involved in a photography project.