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A consulting agreement with a retainer is a contract between a consultant and a client that requires upfront payment for consulting services. A retainer ensures the consultant’s availability for a specified minimum number of hours. The decision to charge a retainer depends on the consultant's work type and preferences, often helping manage upfront costs and ensure payment for initial efforts. Retainer agreements typically include a minimum deposit or a preordered number of required hours. Overall, retainer agreements provide financial security for consultants while outlining the terms of their availability and services for the client.
