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In this video, Tom Satori discusses the importance of having a contract for graphic designers who work with clients. He emphasizes that a contract helps prevent designers from being taken advantage of, outlines working hours and payment terms, and can protect against legal issues. Tom also mentions that he has made updates to his contract for 2021 and will share those adjustments during the video. Additionally, viewers will learn about accessing Skillshare Premium, an online learning community offering a variety of courses in creative fields such as logo design, graphic design, web design, and photography.