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In this video tutorial, Drew Bowers-Auger discusses essential contracts for consulting. He emphasizes the importance of a consulting agreement to avoid billing disputes and clarify engagement terms. Key points to cover in the consulting contract include: defining the client relationship as an independent contractor, payment amount and frequency, acceptable payment methods, and signatures from both parties. He provides sample consulting agreement templates and advises that contracts are often biased towards the party that drafted them. Ideally, consultants should have clients sign their contracts. If clients present their contracts, consultants must read them thoroughly, ensuring clarity on rates, billing frequency, and project completion; any discrepancies should be discussed with the client.
