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In this video, Tom Satori discusses the importance of contracts for graphic designers taking on clients as they head into 2021. He emphasizes that a contract protects designers from exploitation and defines key elements like working hours and payment terms, potentially avoiding legal issues. Tom mentions that he has made updates to his own contract and will share those changes. Additionally, he promotes Skillshare Premium, an online learning platform offering numerous courses in areas like logo design, graphic design, web design, and photography, encouraging viewers to stay tuned for more information.