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A consulting agreement with a retainer is a contract between a consultant and a client that necessitates an upfront payment in exchange for consulting services. A retainer ensures the consultant's availability for a minimum number of hours and provides financial security for initial efforts, even if the relationship ends prematurely. The decision to charge a retainer depends on the consultant's work type and preference. Retainer agreements typically include a minimum deposit or a predetermined number of required hours. Understanding how to create such agreements and obtaining a free consulting agreement template are essential for both parties in the consulting relationship.