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Julian Lalo, a Melbourne-based fashion and food photographer, discusses the importance of contracts for freelance photographers in his video. He shares his personal contract, which he has created based on his experiences. The document is one page long, easy to read with subheadings and dot points. While not legally binding, it covers important points for clients to know before a shoot. Lalo updates the contract whenever a new situation arises with a client. The simplicity of the document aims to encourage clients to read and understand their rights and responsibilities.