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In this video, Tom Satori discusses the importance of having a contract for graphic designers who are taking on clients. A contract helps protect designers from being taken advantage of, outlines working hours and payment, and can prevent legal issues. Satori mentions that he has made updates to his contract for 2021 and will share these changes. Additionally, he introduces Skillshare, an online learning platform offering a variety of courses in creative fields, including graphic design, logo creation, web design, and photography. Viewers are encouraged to stay tuned for more information.