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In this video tutorial, Drew Bowers Auger discusses essential consulting contracts. He emphasizes the importance of a consulting agreement to prevent disputes regarding billing and engagement. Key points to cover include client hiring, payment amount and frequency, acceptable payment methods, and signatures from both parties. Sample consulting agreement templates are provided, with a warning that contracts often favor the party who drafted them. Bowers advises consultants to have clients sign their contracts whenever possible. If forced to sign the client's contract, he stresses the need to thoroughly understand all terms, especially billing rates and project completion, and to address any concerns before proceeding.
