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In this video, Tom Satori discusses the importance of having a contract for graphic designers taking on clients. He highlights that a contract helps prevent exploitation, defines work hours and payment, and can protect against legal issues. Satori also mentions that he has updated his contract for 2021 and will share those changes during the video. Additionally, viewers will learn about accessing Skillshare Premium, an online learning platform offering numerous courses in creative fields such as logo design, graphic design, and photography.