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In this video, Drew Bowers Auger discusses essential contracts for consulting, emphasizing the importance of a consulting agreement to avoid billing disputes. Key points of the agreement include defining the client’s engagement of the consultant as an independent contractor, payment amount, frequency, acceptable payment methods, and signatures from both parties. He mentions sample consulting agreement templates and advises that contracts are often biased toward the drafting party. Consultants should aim to have clients sign their contracts; if signing the client's contract, they should read it carefully to ensure clarity on payment terms and project completion, and address any disagreements with the client.
