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In this video tutorial by Drew Bowers, key aspects of consulting contracts are outlined. Beginning with the importance of a consulting agreement, the discussion highlights its role in preventing billing disputes and clarifying the engagement. Essential points to include in the agreement are the client’s employment of your business as an independent contractor, payment terms, frequency of payment, acceptable payment methods, and necessary signatures from both parties. The tutorial emphasizes the advantage of having clients sign your contract over signing theirs, advising caution when reviewing their contracts. It's crucial to understand and agree on terms regarding rates, billing frequency, and project completion, and to engage in discussions for any necessary modifications.
