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In this video, Tom Satori discusses the importance of contracts for graphic designers who work with clients, especially as they head into 2021. He emphasizes that a contract helps prevent exploitation, outlines work hours, payment terms, and can protect against legal issues. Tom also mentions that he has updated his own contract for the new year and plans to share these changes. Additionally, he introduces Skillshare, an online learning platform offering a variety of creative courses, including graphic design and photography, encouraging viewers to stay tuned for more information on accessing Skillshare Premium.