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In this video tutorial, Drew Bowers discusses essential contracts for consultants, emphasizing the importance of a consulting agreement to prevent disputes over billing and engagement. Key points to cover in the agreement include defining the client’s hiring of the business as an independent contractor, detailing payment rates, frequency, acceptable payment methods, and obtaining signatures from both parties. Bowers provides sample consulting agreement templates and notes that contracts are often biased towards the party that wrote them. He advises consultants to have clients sign their contract whenever possible and suggests carefully reviewing any client-provided contracts to ensure clarity on rates, billing frequency, and project completion terms, addressing any disagreements with the client.
