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In this video, Tom Satori discusses the importance of having a contract for graphic designers taking on clients as they enter 2021. He highlights that a contract is crucial to prevent exploitation, specify work hours, determine payment, and potentially avoid legal issues. Satori mentions that he has made updates to his own contract and plans to share those changes. Additionally, he introduces Skillshare, an online learning community offering thousands of courses in creative fields such as logo design, graphic design, web design, and photography, encouraging viewers to stay tuned for more information on accessing Skillshare premium.