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A consulting agreement with a retainer involves an upfront payment from a client to a consultant for services, reserving the consultant’s availability for a specified number of hours. This arrangement helps consultants cover initial costs and ensures payment for their early efforts if the relationship ends. The decision to charge a retainer is based on the type of work and the consultant’s preference. Typically, retainer agreements include a minimum deposit or predetermined number of hours, distinguishing them from agreements with no retainer. Understanding how to create such an agreement and access free templates can aid in establishing clear terms for the consulting relationship.