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A consulting agreement with a retainer is a contract between a consultant and a client requiring an upfront payment for services. The retainer ensures the consultant's availability for a minimum number of hours, securing a commitment from both parties. This arrangement is often preferred by consultants to cover initial costs and guarantee payment, especially if the business relationship does not continue. The specifics of retainer agreements may vary based on the type of work and the consultant's preferences. These agreements typically involve a minimum deposit or a predetermined number of required hours. Understanding how to create a retainer agreement and obtain a free consulting agreement is essential for both consultants and clients.