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In this video, Tom Satori discusses the importance of having a contract as a graphic designer, especially for those taking on clients. A contract helps protect designers from being taken advantage of, outlines working hours, payment details, and could prevent legal issues. Satori also mentions that he has updated his contract for 2021 and will share those changes. Additionally, viewers will learn about gaining access to Skillshare Premium, an online learning platform offering a variety of creative courses, including graphic design, web design, and photography.