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In this video, Tom Satori discusses the importance of having a contract for graphic designers working with clients as they head into 2021. He emphasizes that a contract is essential for protecting designers from exploitation, outlining work hours, payment terms, and potentially avoiding legal issues. Tom also mentions that he has made updates to his contract and will share those insights in the video. Additionally, he introduces Skillshare, an online learning platform offering a variety of courses in creative fields like logo design, graphic design, web design, photography, and more, encouraging viewers to stay tuned for more information.