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In this video, Tom Satori emphasizes the importance of having a contract for graphic designers taking on clients. A well-structured contract protects designers from being exploited and clarifies work hours, payment, and potential legal issues. He mentions that he has made updates to his contract for 2021 and plans to share those changes. Additionally, Tom introduces Skillshare, an online learning platform offering a variety of courses in creative fields, including logo design, graphic design, and web design, encouraging viewers to stay tuned for more details on accessing Skillshare Premium.