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In this video tutorial, Drew Bowers discusses essential contracts for consulting, emphasizing the importance of a consulting agreement to prevent billing disputes. Key points include defining the client as an independent contractor, clarifying compensation, payment frequency, acceptable payment methods, and securing signatures from both parties. Bowers provides sample consulting agreement templates and highlights that contracts often favor the party that drafted them. He advises consultants to have clients sign their contracts when possible and to thoroughly read any client-provided contracts, ensuring clarity on rates, billing frequency, and project completion, with any disagreements requiring discussion with the client.
