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In this video tutorial by Drew Bowers Auger, the importance of using a consulting agreement is emphasized to prevent disputes over billing and engagement. Key elements to include in the contract are: clarification that the client is hiring the consultant as an independent contractor, agreed payment amount, payment frequency, acceptable payment methods, and signatures from both parties. The video also provides sample consulting agreement templates and notes that contracts often favor the party that drafted them. It is recommended to have clients sign the consultant's contract; however, if the consultant must sign the client's contract, they should read it carefully to ensure understanding of terms regarding payment rates, frequency, and project completion before proceeding.
