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In this video, Tom Satori discusses the importance of having a contract as a graphic designer, particularly for those who are actively taking on clients. He emphasizes that a contract helps prevent exploitation and sets clear terms regarding work hours and payment, potentially avoiding legal issues. Tom also mentions he has made updates to his contract for 2021 and will share those modifications. Additionally, he introduces Skillshare, an online learning platform offering a variety of courses in creative fields such as graphic design, logo design, and photography, encouraging viewers to stay tuned for more information.