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In this video, Tom Satori discusses the importance of having a contract for graphic designers working with clients. He emphasizes that a contract is essential for protecting designers from being exploited and for clearly defining work hours, payment, and potential legal issues. Tom mentions that he has updated his contract for 2021 and will review these changes in the video. Additionally, he introduces Skillshare Premium, an online learning platform offering various courses in creative fields, including graphic design, logo design, web design, and photography. Viewers are encouraged to stay tuned for more information.