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In this video, Tom Satori discusses the importance of having a contract for graphic designers, especially those taking on clients in 2021 and beyond. He emphasizes that a contract helps protect designers from exploitation, defines work hours and payment, and can potentially prevent legal issues. Tom also mentions that he has made updates to his own contract and will review those modifications in the video. Additionally, he introduces Skillshare, an online learning platform with thousands of courses covering various creative fields, including graphic design, logo design, and photography, encouraging viewers to stay tuned for more information.