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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 abuse, defines working hours, and determines payment, potentially avoiding legal issues. Tom also mentions that he has made updates to his contract for 2021 and will review these changes in the video. Additionally, he promotes Skillshare, an online learning platform offering courses in various creative fields such as logo design, graphic design, and photography. Viewers are encouraged to stay tuned for more information on accessing Skillshare premium.