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A consulting agreement with a retainer requires an upfront payment from the client to reserve the consultant's time. Retainers help consultants cover initial costs and ensure payment for their efforts. Consultants may choose to charge retainers based on the nature of the work and their preferences. Retainer agreements typically involve a minimum deposit or required number of hours. To create a consulting retainer agreement, it is essential to include terms such as the payment schedule, scope of work, and termination clauses. A free consulting agreement template can be obtained to assist in creating a retainer agreement.
