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In this video, Tom Satori discusses the importance of having a contract for graphic designers who are actively taking on clients. He emphasizes that a contract can help prevent abuse, dictate working hours, establish payment terms, and potentially protect against legal issues. Tom also mentions that he has made updates to his own contract for 2021, which he will review in the video. Additionally, he introduces Skillshare, an online learning community offering thousands of courses in various creative fields, including graphic design and photography, encouraging viewers to stay tuned for more information on accessing Skillshare premium.