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In this video, Tom Satori discusses the importance of having a contract for graphic designers taking on clients. He emphasizes that a contract helps prevent exploitation, clarifies work hours and payment, and can protect against legal issues. Tom also mentions that he has updated his own contract for 2021 and will review these changes. Additionally, he introduces Skillshare, an online learning platform offering a variety of courses in creative fields, including graphic design and photography. Viewers are encouraged to stay tuned for details on accessing Skillshare Premium.