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A consulting agreement with a retainer involves a consultant and a client, requiring upfront payment for services. A retainer secures the consultant for a specified number of hours and ensures availability for the client. The decision to charge a retainer depends on the consultant's work type and personal preference. Consultants often charge retainers to cover upfront costs of the new business relationship and to ensure payment for initial efforts, even if the relationship does not continue. A retainer agreement typically includes a minimum deposit or a predetermined number of required hours for the consultant’s services.