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In this video by Drew Bowers Auger, key points about consulting contracts are discussed. A consulting agreement is essential to avoid billing disputes and clarify the engagement terms. It should outline that the client is hiring the consultant as an independent contractor, specify payment amounts and frequency, detail acceptable payment methods, and include signatures from both parties. Several consulting agreement templates are provided, emphasizing that contracts often favor the party that drafted them. Consultants should aim to have clients sign their contracts; if signing the client's contract, they must read it thoroughly to ensure clarity on billing rates, frequency, and project completion. Any disagreements or uncertainties should be addressed with the client.
