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In this video tutorial, Drew Bowers Auger discusses essential consulting contracts. He emphasizes the importance of a consulting agreement to prevent disputes regarding billing and engagement. Key points include defining the client relationship, payment amount and frequency, acceptable payment methods, and obtaining signatures from both parties. He provides sample consulting agreement templates, noting that contracts often favor the drafting party. It’s advisable for consultants to have clients sign their contracts. If a consultant must sign a client’s contract, they should read it carefully to ensure clarity on rates, billing frequency, and project completion, and address any disagreements or uncertainties with the client.