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In this video, Tom Satori discusses the importance of having a contract for graphic designers working with clients, especially as they head into 2021. He emphasizes that a contract protects designers from being taken advantage of, outlines work hours and payment, and can help avoid legal issues. Tom also mentions that he has made updates to his contract for the new year and plans to share these changes. Additionally, he introduces Skillshare, an online learning community offering a wide range of creative courses, including graphic and web design, and encourages viewers to stay tuned for details on accessing Skillshare premium.