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In this video, Tom Satori discusses the importance of having a contract for graphic designers who take on clients. He emphasizes that a contract helps prevent exploitation, outlines work hours and payment, and can protect against legal issues. Satori mentions he has made updates to his contract for 2021 and will go through those changes in the video. Additionally, he introduces Skillshare, an online learning platform offering a variety of creative courses, including graphic design and photography, and encourages viewers to stay tuned for more information on accessing Skillshare Premium.