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A consulting agreement with a retainer is an arrangement where a consultant receives an upfront payment in exchange for services. Retainers ensure availability and guarantee payment for initial efforts. Consultants may charge retainers to cover upfront costs and secure payment. Retainer agreements involve a minimum deposit or a set number of hours. Whether consultants charge a retainer depends on their work type and personal preference. Watch the video to learn how to create a consulting agreement and get a free template.
