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In this consultant crash course video, Drew Bowers Auger emphasizes the importance of having a consulting agreement to prevent disputes regarding billing and engagement. Key points to include in the contract are: the client hiring the consultant as an independent contractor, payment amount and frequency, acceptable payment methods, and signatures from both parties. Sample consulting agreement templates are provided. It is suggested that consultants should have clients sign their contract rather than the consultant signing the client's contract. If a consultant must sign the client's contract, they should read it carefully to ensure clarity on billing rates, frequency, and project completion, discussing any disagreements or misunderstandings with the client.