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Tom Satori discusses the importance of having a contract for graphic designers in his video. He emphasizes that a contract protects designers from being taken advantage of by clients, clarifies work hours and payment, and may prevent legal issues. Tom mentions that he has updated his contract for 2021 and aims to share these changes with viewers. Additionally, he introduces Skillshare, an online learning platform offering numerous courses in creative fields, encouraging viewers to stay tuned for more information on accessing Skillshare premium.