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A consulting agreement with a retainer involves a consultant and a client, where the client pays an upfront fee for services. This fee, known as a retainer, secures the consultant's availability for a specified number of hours. The choice to charge a retainer can depend on the consultant’s work type and personal preference. Retainers help cover the consultant's upfront costs and ensure payment for initial work, even if the client relationship does not continue. Such agreements typically require a minimum deposit or a specified number of hours to be reserved.
