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In this video tutorial by Drew Bowers Auger, the focus is on contracts essential for consulting. He emphasizes the importance of a consulting agreement to prevent billing and engagement disputes. Key elements to include are: confirming the client hires your business as an independent contractor, payment amount and frequency, acceptable payment methods, and signatures from both parties. Bowers provides sample consulting agreement templates and notes that contracts are often drafted in favor of the party that creates them. It’s advised to have clients sign your contract when possible, and if you must sign theirs, to carefully review the terms, ensuring clarity on rate, billing frequency, and project completion, and to discuss any disagreements with the client.
