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In this video, Tom Satori discusses the importance of having a contract for graphic designers. He emphasizes that a contract is essential for protecting designers from being taken advantage of in their careers, as it outlines working hours, payment terms, and legal safeguards. He mentions that he has made updates to his contract for 2021 and will share those details. Additionally, he introduces Skillshare, an online learning platform offering a variety of courses in creative fields, including graphic design and photography, encouraging viewers to stay tuned for more information on accessing Skillshare Premium.