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In this video tutorial by Drew Bowers Auger, the importance of using a consulting agreement is emphasized to avoid disputes regarding billing and engagement. Key points to include in the contract are: the client hiring your business as an independent contractor, payment amount, payment frequency, acceptable methods, and signatures from both parties. Sample consulting agreement templates are provided, noting that contracts tend to favor the party that drafted them. Ideally, consultants should have clients sign their own contracts. If required to sign the client’s contract, carefully review it to ensure clarity on terms like payment rate, billing frequency, and project completion. Any misunderstandings should be discussed with the client for minor modifications.
