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In this video tutorial by Drew Bowers Auger, the importance of having a consulting agreement is emphasized to avoid disputes regarding billing and engagement. Key components of the consulting contract include clarifying that the client is hiring your business as an independent contractor, specifying payment amount and frequency, outlining acceptable payment methods, and obtaining signatures from both parties. Several sample consulting agreement templates are provided. It’s advised to have clients sign your contract instead of the other way around, and if you must sign theirs, to read it carefully, ensuring clarity on key terms such as rate, billing frequency, and project completion. Discuss any disagreements or uncertainties with the client.
