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In this video tutorial, Drew Bowers Auger discusses the essential contracts for consulting, focusing on the consulting agreement. He emphasizes the importance of having a signed contract to avoid billing disputes and clarify the engagement terms. Key points of the consulting agreement include the client hiring the consultant as an independent contractor, payment amount, frequency, acceptable payment methods, and required signatures from both parties. He provides sample consulting agreement templates and advises that contracts are often biased towards the party that drafted them. If required to sign a client’s contract, it is crucial to read it thoroughly and ensure clarity on rates, billing frequency, and project completion, discussing any discrepancies with the client.
