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In this video, Tom Satori discusses the importance of contracts for graphic designers who are taking on clients. He emphasizes that a contract is essential to avoid being taken advantage of, as it outlines work hours, payment, and can help prevent legal issues. Tom also shares updates he has made to his contract as he heads into 2021. Additionally, he introduces Skillshare, an online learning platform offering a variety of creative courses, including graphic and web design, and encourages viewers to stay tuned for more information on accessing Skillshare premium.