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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 one-page PDF document he created based on his own experiences. Lalo emphasizes the need for clients to pay attention to the terms and conditions outlined in the contract, despite its non-legally binding nature. The document is structured with subheadings and bullet points for clarity and ease of understanding. Lalo continually updates the contract with important points that arise from client interactions, ensuring that it remains relevant and informative for future engagements.