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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 consulting services. A retainer ensures the consultant's availability for a minimum number of hours, providing both parties assurance. Consultants may opt for this model to cover initial business costs and secure payment for initial efforts in case the partnership does not continue. Typically, retainer agreements include a minimum deposit or a predetermined number of hours. The choice to implement a retainer often depends on the nature of the work and the consultant's preferences.