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A consulting agreement with a retainer involves an upfront payment from a client to secure consulting services. This arrangement allows the consultant to reserve time for a minimum number of hours and ensures availability, regardless of whether services are used. Consultants often prefer retainers to cover initial costs and guarantee compensation in case the partnership does not progress. The agreement typically outlines a minimum deposit or predetermined number of hours required. Understanding how to create this agreement and access a free consulting agreement can be beneficial for both consultants and clients.
