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In this video tutorial, Drew Bowers Auger discusses the importance of consulting contracts to avoid billing disputes and clarify engagements. Key components of a consulting agreement include establishing the client as an independent contractor, detailing payment amounts, frequency, and acceptable payment methods, as well as securing signatures from both parties. He provides sample consulting agreement templates and advises that contracts often favor the party that drafted them. Ideally, consultants should have clients sign their contracts. If a consultant must sign a client's contract, it's crucial to carefully review it, ensuring clarity on the rate, billing frequency, and project completion. Any disagreements or misunderstandings should be addressed with the client.
