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In this video tutorial, Drew Bowers discusses the importance of using consulting contracts to avoid disputes over billing and engagement. Key points in the consulting agreement include defining the client hiring your business as an independent contractor, payment terms, acceptable payment methods, and signatures from both parties. Sample consulting agreement templates are provided, with a reminder that contracts are usually biased towards the party that wrote it. It is recommended to get clients to sign your contract, but if you must sign theirs, carefully review and clarify any discrepancies. Minor modifications can be made through discussions with the client.
