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In this video, Tom Satori discusses the importance of having a contract for graphic designers who take on clients. A contract helps protect designers from being exploited, sets work hours and payment terms, and can prevent legal issues. Tom shares updates he's made to his contract for 2021 and encourages viewers to ensure they have one in place. Additionally, he introduces Skillshare, an online learning platform that offers a variety of creative courses such as logo design, graphic design, web design, and photography. Viewers are urged to stay tuned for more information on accessing Skillshare Premium.