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In this video tutorial, Drew Bowers Auger discusses the essential contracts for consulting. He emphasizes the importance of a consulting agreement to prevent disputes regarding billing and engagement. Key points to include in the contract are: the client's hiring of your business as an independent contractor, payment amount and frequency, acceptable payment methods, and the signatures of both parties. Sample consulting agreement templates are provided, highlighting that contracts often favor the party that drafted them. It's advised to have clients sign your contract whenever possible. If you must sign their contract, carefully review it to ensure clarity on billing rates, frequency, and project completion, and communicate any disagreements or uncertainties with the client.
