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In this video tutorial by Drew Bowers Auger, the focus is on the importance of consulting contracts. A consulting agreement is crucial to prevent disputes regarding billing and the engagement process. Key points to include are: confirming the client hires you as an independent contractor, specifying your payment amount and frequency, acceptable payment methods, and obtaining signatures from both parties. The video provides sample consulting agreement templates, emphasizing that contracts often favor the party who drafted them. Ideally, you should have clients sign your contract. If you must sign their contract, carefully review it to ensure clarity on billing rates, frequency, and project completion, and discuss any disagreements with the client.