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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 developed over time based on his experiences with clients. Julian emphasizes that he continually updates the document whenever he encounters important issues with clients. To ensure readability, he keeps the contract concise, ideally one page, using subheadings and bullet points. He notes that many people overlook terms and conditions, so he aims to create a straightforward document that clients will actually review, despite it not being legally binding.