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In this video, Drew Bowers Auger discusses essential contracts for consultants, focusing on the consulting agreement. He emphasizes the importance of having a signed consulting contract to prevent disputes regarding billing and engagement. Key points to include are: confirming the client hires you as an independent contractor, specifying payment amount and frequency, acceptable payment methods, and obtaining signatures from both parties. He provides sample consulting agreement templates and notes that contracts are often biased towards the creator. Ideally, consultants should have clients sign their contracts. If required to sign a client's contract, it's crucial to carefully review it and clarify any misunderstandings regarding terms like rate, billing frequency, and project completion.
