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A consulting agreement with a retainer is a contract between a consultant and a client that involves an upfront payment in exchange for consulting services. Consultants may choose to charge a retainer to guarantee availability and secure payment for initial efforts. Retainer agreements typically include a minimum deposit or pre-ordered hours. Consultants prefer retainers for upfront costs and payment security, while the decision to charge a retainer depends on the work type and consultant preference. Get a free consulting agreement and learn how to create a retainer agreement.