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In this video tutorial by Drew Bowers Auger, the focus is on essential contracts for consulting. The primary document discussed is the consulting agreement, which should be signed to prevent disputes regarding billing and engagement. Key elements to include are the client's hiring of the business as an independent contractor, payment amount, payment frequency, acceptable methods, and signatures from both parties. Sample consulting agreement templates are provided, emphasizing that contracts often favor the party who drafted them. It is advisable to have clients sign your contract; if signing theirs, review it thoroughly to ensure clarity on the rate, billing frequency, and project completion, and address any disagreements with the client.
