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In this video, Julian Lalo, a Melbourne-based fashion and food photographer, discusses the importance of contracts for freelance photographers. He shares his personal contract, which he has created based on his experiences rather than having it legally drawn up. Lalo emphasizes the need to amend the document whenever important points arise during client interactions. He aims to keep the contract concise, ideally one page, using subheadings and bullet points to make it easy to read, as many clients overlook terms and conditions. He notes that while his document is not legally binding, it contains crucial information that clients should understand before a shoot.