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Tom Satori discusses the importance of having a contract for graphic designers taking on clients, emphasizing that it protects against exploitation and outlines work hours and payment. He mentions that a solid contract can also help avoid legal issues. Tom has updated his contract for 2021 and invites viewers to follow along as he shares these changes. Additionally, he introduces Skillshare, an online learning platform offering thousands of courses in creative fields like logo design, graphic design, web design, and photography, encouraging viewers to stay tuned for more information about accessing Skillshare Premium.