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In this video, Tom Satori discusses the importance of having a contract as a graphic designer, especially for those actively taking on clients. A contract is essential for protecting designers from being taken advantage of, as it outlines working hours, payment, and can help avoid legal issues. Satori shares updates he made to his contract for 2021 and emphasizes its benefits for a successful graphic design career. He also mentions that viewers will have the chance to access Skillshare Premium, an online learning platform offering a wide range of creative courses such as logo design, graphic design, and web design.