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In this video, Tom Satori discusses the importance of having a contract as a graphic designer, especially for those actively taking on clients. A contract helps protect designers from being exploited, outlines work hours, payment terms, and can help avoid legal issues. Tom shares updates he made to his contract entering 2021 and indicates that viewers will also learn how to access Skillshare Premium, which offers a variety of creative courses, including logo design, graphic design, web design, and photography.