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In this video, graphic designer Tom Satori discusses the importance of having a contract when taking on clients to protect against exploitation in the design industry. He emphasizes that a contract outlines work hours, payment, and can help prevent legal issues. Satori also mentions that he has updated his contract for 2021 and will share those changes. Additionally, he promotes Skillshare premium, an online learning platform that offers numerous courses on topics like logo design, graphic design, web design, and photography. Viewers are encouraged to stay tuned for more information.