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In this video, Tom Satori discusses the importance of having a contract for graphic designers actively taking on clients. He emphasizes that a contract helps prevent exploitation, outlines working hours, payment, and can protect against legal issues. He mentions that he has made updates to his contract as he heads into 2021 and will review these changes in the video. Additionally, Satori introduces Skillshare, an online learning community with a variety 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.