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A consulting agreement with a retainer involves an upfront payment from a client to a consultant in exchange for their services. This retainer reserves the consultant's availability for a set minimum number of hours. Consultants may choose to implement a retainer to cover their initial business relationship costs and ensure payment for early efforts, even if the collaboration does not continue. Retainer agreements typically require a minimum deposit or predetermined hours of service. The decision to charge a retainer depends on the type of consulting work and the consultant's preference.