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In this tutorial, Drew Bowers Auger discusses essential contracts for consulting work, focusing on the consulting agreement. He emphasizes the importance of having a signed contract to avoid disputes related to billing and engagement. Key elements to include are the designation of the client hiring your business as an independent contractor, payment amount and frequency, acceptable payment methods, and signatures from both parties. Sample templates are provided, highlighting that contracts often favor the party that drafted them. Ideally, you should aim to have clients sign your contract. If required to sign their contract, it's crucial to read it carefully and ensure clarity on rates, billing frequency, and project completion; any disagreements should be addressed with the client.
