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A consulting agreement with a retainer involves a consultant and a client, where the client makes an upfront payment for services. This retainer fee reserves the consultant for a specified number of hours, ensuring their availability. Whether a consultant charges a retainer depends on their preference and the nature of the work. Consultants often use retainers to cover initial costs and ensure payment for their efforts, especially in cases where the relationship might not continue. Retainer agreements typically include a minimum deposit or a predetermined number of hours to be provided.