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A consulting agreement with a retainer involves a contract between a consultant and a client, requiring an upfront payment for services rendered. The retainer ensures the consultant is available for a set number of hours, providing financial security to both parties. Consultants often opt for retainers to cover initial costs and guarantee payment if the relationship later dissolves. The specifics of a retainer agreement differ from standard agreements, typically involving a minimum deposit or predetermined service hours. Understanding these elements is crucial for creating a consulting agreement, and free templates may be available for reference.
