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In this video tutorial, Drew Bowers discusses essential contracts for consulting. He emphasizes the importance of signing a consulting agreement to prevent disputes regarding billing and engagement. Key points to cover in the agreement include identifying the client as an independent contractor, defining payment amounts and frequency, acceptable payment methods, and securing signatures from both parties. He provides sample consulting agreement templates and advises that contracts may favor the party that drafted them. Ideally, consultants should have clients sign their contracts. If required to sign a client’s contract, it's crucial to carefully review it to ensure clarity on rates, billing frequency, and project completion, and to address any disagreements immediately.
