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A consulting agreement with a retainer is a contract between a consultant and a client requiring an upfront payment for services. The retainer fee secures the consultant's availability for a minimum number of hours and ensures payment for initial efforts. Some consultants prefer to charge retainers to cover upfront costs and guarantee payment, especially if the relationship may not continue. The specifics of a retainer agreement may include a minimum deposit or a pre-ordered number of hours required. The decision to charge a retainer often depends on the type of work and the consultant's preferences.