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In this video, Tom Satori discusses the importance of having a contract for graphic designers, especially those taking on clients. He emphasizes that a contract protects designers from being taken advantage of, clarifying work hours, payment, and potentially avoiding legal issues. Tom also mentions that he has made updates to his contract for 2021 and will share these changes in the video. Additionally, viewers can learn about accessing Skillshare Premium, an online learning platform with a variety of creative courses, including logo design, graphic design, web design, and photography. He encourages viewers to stay tuned for more information.