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In this video tutorial from Drew Bowers Auger on consulting contracts, the focus is on the importance of signing a consulting agreement to avoid disputes regarding billing and engagement. Key points to address include the designation of the consultant as an independent contractor, payment terms (amount, frequency, and acceptable methods), and obtaining signatures from both parties. Sample consulting agreement templates are provided, highlighting that contracts often favor the party that drafted them. It's advisable for consultants to have clients sign their contracts. If required to sign a client's contract, it is crucial to read it thoroughly to ensure clarity on terms like rate, billing frequency, and project completion, and to discuss any disagreements or uncertainties.
