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In this video tutorial, Drew Bowers Auger discusses the importance of consulting contracts to prevent disputes over billing and engagement. Key points to cover in a consulting agreement include confirmation that the client is hiring your business as an independent contractor, payment amounts and frequencies, acceptable payment methods, and obtaining signatures from both parties. He provides sample consulting agreement templates but notes that contracts often favor the party drafting them. It is advisable to have clients sign your contract; if you must sign theirs, ensure you thoroughly understand the terms, particularly around rates, billing frequency, and project completion. Any disagreements or unclear terms should be discussed with the client.
