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A consulting agreement with a retainer is a contract requiring an upfront payment from a client in exchange for consulting services. This arrangement ensures the consultant's availability for a minimum number of hours, regardless of actual usage. Consultants may opt for retainers to cover initial business costs and to secure payment should the engagement not continue. A retainer agreement typically includes a minimum deposit or a predetermined number of hours that must be utilized. The choice to charge a retainer can depend on the nature of the work and the consultant's preferences. Additionally, you can find free templates for consulting agreements to help in creating these contracts.
