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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 disputes over billing and engagement. Key points to include in the contract are: confirming the client hires your business as an independent contractor, specifying payment amount and frequency, acceptable payment methods, and securing signatures from both parties. He provides sample consulting agreement templates and notes that contracts often favor the party that created them. It's advisable to have clients sign your contract; if forced to sign theirs, carefully review it to understand the terms regarding billing rates, frequency, and project completion, and address any disagreements with the client.
