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In this video, Drew Bowers Auger discusses essential contracts for consulting, focusing on the importance of a consulting agreement to prevent disputes regarding billing and engagement. Key points to include in the agreement are the client's hiring of your business as an independent contractor, payment amount, payment frequency, acceptable payment methods, and signatures from both parties. He provides sample consulting agreement templates and advises that contracts are often biased toward the party that created them. Ideally, you should have clients sign your contract. If you must sign their contract, carefully read it to ensure clarity on billing rates, frequency, and project completion, and address any disagreements with the client.
