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In this video tutorial, Tom Satori discusses the importance of having a contract as a graphic designer to prevent being taken advantage of in the design and business world. Contracts dictate hours worked, payment, and can prevent legal troubles. Tom has made tweaks to his contract for 2021 and shares them in the video. He also mentions how viewers can access Skillshare premium, an online learning community with courses in creative areas like graphic design, web design, and photography.