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In this video tutorial, Drew Bowers Auger discusses the essential contracts for consulting. He emphasizes the importance of signing a consulting agreement to prevent disputes regarding billing and engagements. Key points to address in the agreement include the client's hiring of your business as an independent contractor, payment amounts, frequency, acceptable payment methods, and signatures from both parties. He provides sample consulting agreement templates and notes that contracts often favor the drafting party. Ideally, consultants should have clients sign their contracts. If required to sign a client’s contract, it is crucial to read it thoroughly and ensure clarity on billing rates, frequency, and project completion before proceeding.
