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In this video, Tom Satori discusses the importance of having a contract for graphic designers who take on clients. He emphasizes that a contract helps protect designers from being taken advantage of, defines work hours and payment, and can prevent legal issues. Satori shares updates to his own contract as he prepares for 2021. Additionally, he introduces Skillshare, an online learning community that offers a wide range of courses in creative fields such as graphic design, logo design, web design, and photography. Viewers are encouraged to stay tuned for more details later in the video.