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A consulting agreement with a retainer is a contract between a consultant and a client that includes an upfront payment for consulting services. This retainer fee secures the consultant's availability for a minimum number of hours, ensuring that they prioritize the client's needs. The decision to charge a retainer is based on the consultant's work type and personal preference, often helping cover initial business costs and ensuring payment for early efforts, regardless of potential relationship changes. Retainer agreements typically stipulate a minimum deposit or a predetermined number of required hours.
