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In this video tutorial, Drew Bowers Auger discusses essential contracts for consulting. He emphasizes the importance of a consulting agreement to prevent billing disputes and clarify the engagement. Key points to include in the contract are: the client hiring your business as an independent contractor, payment terms (amount, frequency, and acceptable methods), and signatures from both parties. Bowers provides sample consulting agreement templates and advises that contracts may favor the drafting party. Whenever possible, he recommends having clients sign your contract. If you must sign their contract, carefully review it to ensure you clearly understand the rate, billing frequency, and project completion terms. Any disagreements or uncertainties should be addressed with the client.
