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In this video, Tom Satori discusses the importance of having a contract as a graphic designer, especially for those taking on clients and jobs. He emphasizes that a contract can prevent exploitation and clarify work hours and payment, while also helping to avoid legal issues. Tom mentions that he has made updates to his contract for 2021, which he plans to review in the video. Additionally, he highlights Skillshare, an online learning community with numerous courses in creative fields like graphic design, logo design, and photography, encouraging viewers to stay tuned for information on accessing Skillshare premium.