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In this video tutorial, Drew Bowers Auger discusses essential contracts for consulting. He emphasizes the importance of signing a consulting agreement to prevent billing disputes and clarify the engagement terms. Key points include specifying that the client hires your business as an independent contractor, detailing payment amount, frequency, acceptable methods, and obtaining signatures from both parties. He provides sample consulting agreement templates and advises that contracts often favor the party who drafted them. It’s preferable to have clients sign your contract; if you must sign theirs, carefully review it to ensure clarity on payment rates, billing frequency, and project completion. Discuss any disagreements or misunderstandings with the client.
