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In this video tutorial, Drew Bowers discusses essential consulting contracts. He emphasizes the importance of signing a consulting agreement to avoid disputes over billing and engagement terms. Key elements to include are: the client hiring you as an independent contractor, payment amount and frequency, accepted payment methods, and signatures from both parties. Bowers also provides sample consulting agreement templates, highlighting that contracts often favor the party that drafted them. It's advisable to have clients sign your contract; if you must sign theirs, carefully review it to ensure clarity on billing rates, payment frequency, and project completion, and address any disagreements with the client.
