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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 and jobs heading into 2021. He emphasizes that a contract helps prevent exploitation, outlines working hours and payment, and may protect against legal issues. Tom also mentions that he has made updates to his own contract, which he will review during the video. Additionally, he introduces Skillshare, an online learning platform offering a variety of creative courses, including graphic design and photography, encouraging viewers to stay tuned for more details.