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In this video tutorial by Drew Bowers Auger, key aspects of consulting contracts are discussed, focusing on the importance of a consulting agreement to prevent billing disputes and clarify engagement details. The contract should outline that the client hires your business as an independent contractor, specify payment amounts and frequency, acceptable payment methods, and require signatures from both parties. Sample templates are provided, highlighting that contracts tend to favor the drafting party. It is recommended to have clients sign your contract, and if you must sign theirs, ensure clarity on rates, billing frequency, and project completion. Address any disagreements or confusion with the client before signing.
