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A consulting agreement with a retainer involves an upfront payment from a client to a consultant in exchange for their services. This retainer fee reserves the consultant's time for a minimum number of hours, ensuring their availability regardless of the project's status. Consultants may choose this model based on the nature of their work and personal preferences. Charging a retainer helps consultants cover initial costs and secure payment, even if the working relationship does not progress as expected. Retainer agreements typically include a minimum deposit or a predetermined number of service hours.