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In this video tutorial, Drew Bowers discusses essential contracts for consultants, focusing on the importance of a consulting agreement to prevent disputes over billing and engagement. Key components include defining the client as an independent contractor, payment amount and frequency, acceptable methods of payment, and the necessity for signatures from both parties. Sample consulting agreement templates are provided, highlighting that contracts often favor the drafting party. Consultants should ideally have clients sign their contracts; if they must sign a client’s contract, they should carefully review it to ensure clarity on rates, billing frequency, and project completion. Any disagreements or misunderstandings should be addressed with the client.
