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In this video tutorial, Drew Bowers Auger discusses important aspects of consulting contracts. He emphasizes the necessity of a consulting agreement to avoid billing disputes and clarify the engagement. Key components of the agreement include establishing the client as an independent contractor, payment amount, payment frequency, acceptable payment methods, and signatures from both parties. Drew provides sample consulting agreement templates and notes that contracts are often biased toward the party that wrote them. He advises consultants to have clients sign their contract and, if they must use the client's contract, to carefully read and understand terms regarding rates, billing frequency, and project completion before signing.
