I have been struggling to understand this very issue in order to do my first real model shoot. I found this online & am curious if it means I need to pay people for the contract to actually be legally binding...here it is:
Consideration: Paying for a Release
A contract is legally binding only if each party obtains something of value (referred to as "consideration") in return for performance of obligations. For this reason, releases traditionally stipulated payment of a nominal amount such as one dollar. However, most courts now take a modern approach to contract law and accept the fact that consideration can be implied and an actual payment is not mandatory. Each release in this chapter establishes that the contract has met the consideration requirement by beginning with the statement, "For consideration which I acknowledge...." However, to fortify this position, you may wish to make a payment --even if nominal-- to the person signing the release and indicate the amount of the payment somewhere in the release.
There's also a few different examples of short & simple release forms at his link:
http://fairuse.stanford.edu/Copyrigh...er12/12-c.html
My question then is if these are the type of forms I will need to photograph strangers, models, or both?