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A consulting agreement with a retainer is a contract between a consultant and a client that requires upfront payment for services. A retainer secures the consultant's availability for a minimum number of hours, regardless of usage. Not all consultants charge retainers; it depends on their work type and preference. Consultants often prefer retainers to cover upfront costs and ensure payment for initial efforts, which is particularly important if the relationship might not continue. Key components of a retainer agreement typically include a minimum deposit or predetermined number of required hours.