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In this video, Tom Satori emphasizes the importance of having a contract for graphic designers who are actively taking on clients. He explains that a contract can protect designers from being taken advantage of, outline working hours, determine payment, and potentially prevent legal issues. Tom also shares that he has made updates to his contract for 2021 and will discuss those changes. Additionally, he mentions Skillshare, an online learning platform offering a variety of courses in creative fields such as logo design, graphic design, and photography, and invites viewers to stay tuned for more information on accessing a Skillshare premium membership.