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A consulting agreement with a retainer involves an upfront payment from a client to a consultant for services. This payment reserves the consultant’s availability for a minimum number of hours. Consultants may choose to charge a retainer to cover their initial costs and ensure payment if the relationship does not continue. The choice to implement a retainer depends on the type of work and the consultant's preference. Retainer agreements typically require a minimum deposit or a predetermined number of service hours to be provided, contrasting with agreements that do not involve a retainer structure.
