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A consulting agreement with a retainer is a contract between a consultant and a client that involves an upfront payment for consulting services. This payment acts as a reservation for a minimum number of hours and ensures the consultant's availability. Whether a consultant charges a retainer depends on their work type and personal preference. Many consultants prefer retainers to cover initial business relationship costs and guarantee payment for their early efforts in case the relationship does not progress. Retainer agreements typically require a minimum deposit or a predetermined number of hours for services rendered.