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In the video, Doug Patt discusses the importance of establishing a contract before starting work with an architect, emphasizing that there isn't a universal contract template. He recommends using an AIA contract and consulting with an attorney to tailor the agreement. Key elements to include in the contract are: identification of the owner, architect, and project location; a detailed project description outlining its scope, program, and goals; and a budget aligned with those goals, created in collaboration with the architect. Additionally, the contract should specify the owner's responsibilities, which include developing a program, providing surveys and existing condition information, and securing other professional services as needed.