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In this video tutorial, Drew Bowers Auger discusses essential contracts for consulting, emphasizing the importance of a consulting agreement to prevent billing disputes. Key elements to include are: the client hiring your business as an independent contractor, payment amount, frequency, payment methods, and signatures from both parties. He provides sample consulting agreement templates and advises that contracts are often biased toward the party that wrote them. Ideally, consultants should have clients sign their contracts. If the consultant must sign the client's contract, they should read it thoroughly to ensure clarity on rate, billing frequency, and project completion, discussing any disagreements or misunderstandings with the client.
