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A consulting agreement with a retainer is an arrangement between a consultant and a client that requires upfront payment for services. This retainer reserves a minimum number of hours from the consultant, ensuring their availability regardless of the actual services used. Whether consultants charge a retainer depends on the type of work and personal preferences. It helps cover initial costs and secures payment for early efforts in case the partnership ends prematurely. Typically, a retainer agreement includes a minimum deposit or a pre-ordered number of required hours. Understanding how to create this agreement and access a free consulting agreement template can facilitate setting up this professional relationship.