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In this video tutorial, Drew Bowers Auger emphasizes the importance of a consulting agreement to prevent billing disputes and clarify the engagement terms between the consultant and the client. Key elements of the contract include the acknowledgment of the consultant as an independent contractor, payment terms such as amount, frequency, and acceptable methods, along with signatures from both parties. Sample consulting agreement templates are provided, noting the typical bias toward the party that drafted the contract. It is recommended to have clients sign the consultant's contract. If forced to sign the client's contract, it’s crucial to read it thoroughly and clarify any disagreements regarding rates, billing frequency, or project completion before signing.
