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In this video tutorial from the Consultant Crash Course, Drew Bowers Auger discusses essential contracts for consulting. He emphasizes the importance of signing a consulting agreement to prevent disputes regarding billing and engagement. Key elements of the consulting agreement include outlining the nature of the relationship (independent contractor), payment amount and frequency, acceptable payment methods, and obtaining signatures from both parties. He provides sample agreement templates and advises that contracts often favor the party who drafted them. It's preferable for consultants to get clients to sign their contracts. If signing the client’s contract, he recommends reviewing it carefully and ensuring clarity on rate, billing frequency, and project completion, and encourages addressing any disagreements or misunderstandings with the client.
