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A consulting agreement with a retainer involves a contract between a consultant and a client that requires an upfront payment for consulting services. This payment serves to reserve the consultant's time for a specified number of hours and ensures their availability. Consultants may choose to charge a retainer based on the nature of their work and personal preferences. Retainers help cover initial costs and provide assurance of payment if the consulting relationship does not progress. A retainer agreement generally includes a required minimum deposit or preordered hours of service.