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A consulting agreement with a retainer requires an upfront payment from a client for consulting services. A retainer secures the consultant's availability for a minimum number of hours, ensuring they are committed to the client regardless of unforeseen circumstances. Consultants may prefer retainer agreements to cover initial business costs and guarantee payment for their efforts, even if the relationship does not continue. These agreements typically specify a minimum deposit or a predetermined number of required hours. Understanding the nature of a consulting retainer and how to draft an agreement is essential for both consultants and clients, and resources for a free consulting agreement are available.