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A consulting agreement with a retainer involves an upfront payment from a client to a consultant in exchange for their services. The retainer secures the consultant's availability for a certain number of hours, regardless of whether those hours are ultimately used. Consultants choose to charge retainers to cover initial business costs and ensure adequate payment, especially if the relationship does not last. Retainer agreements generally include a minimum deposit or a predetermined number of hours that the consultant is expected to work. The necessity and structure of a retainer depend on the type of consulting work and the consultant's preference.
