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In this video tutorial, Drew Bowers Auger discusses essential contracts for consulting. He emphasizes the importance of a consulting agreement to prevent disputes regarding billing and engagement. Key aspects to include are: confirmation of the client hiring your business as an independent contractor, payment rates, frequency of payment, acceptable payment methods, and signatures from both parties. He provides sample consulting agreement templates, noting that contracts often favor the party that created them. Ideally, you should have clients sign your contract; if you must sign theirs, carefully review it to ensure clarity on billing rates, frequency, and project completion. Any disagreements or misunderstandings should be discussed with the client.
