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A consulting agreement with a retainer is a contract that involves an upfront payment from a client to secure consulting services. A retainer ensures availability and reserves the consultant's time for a minimum number of hours, providing a financial guarantee for the consultant. Charging a retainer can help consultants cover initial costs and ensure payment, especially if the working relationship does not continue. The specifics of a retainer agreement typically include a minimum deposit or a required number of hours that must be prepaid. Understanding how to create this type of agreement and sources for free templates can be beneficial for both consultants and clients.