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A consulting agreement with a retainer is a contract between a consultant and a client that requires an upfront payment for services. This retainer serves as a reservation for a minimum number of hours and ensures the consultant's availability. The choice to charge a retainer depends on the type of work and the consultant's preferences, often helping to cover initial costs and secure payment. Retainer agreements typically include a minimum deposit or a preordered number of hours. Understanding the structure of retainer agreements is essential for establishing a business relationship.