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A consulting agreement with a retainer is a contract between a consultant and a client that includes an upfront payment for services. This retainer fee reserves the consultant's time for a specified number of hours and ensures availability, regardless of the work performed. Consultants may choose to charge a retainer based on their business needs and to secure payment for initial efforts, especially if the relationship does not continue. Retainer agreements typically involve a minimum deposit or a predetermined number of required hours, differing from agreements without retainers, which may not guarantee consultant availability or compensation.