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A consulting agreement with a retainer is a contract between a consultant and a client that involves an upfront payment for consulting services. This retainer secures the consultant's availability for a specified number of hours. Consultants may choose to charge retainers to cover their initial costs and ensure compensation, even if the working relationship ends prematurely. Whether or not a consultant requires a retainer depends on their business preferences and the nature of the services offered. Retainer agreements typically include a minimum deposit or a predetermined number of hours that must be reserved for the client’s needs.