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In this video, Tom Satori discusses the importance of having a contract for graphic designers taking on clients and projects as they move into 2021. He emphasizes that a contract can protect designers from being exploited, clearly define work hours, and set payment terms, potentially avoiding legal issues. Tom also mentions that he has made updates to his contract for the upcoming year and will review these changes. Additionally, he promotes Skillshare, an online learning community offering a wide range of creative courses, including graphic and web design, and encourages viewers to stay tuned for more information.