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A consulting agreement with a retainer is a contract between a consultant and a client that necessitates an upfront payment for consulting services. This arrangement reserves the consultant's time for a minimum number of hours, ensuring their availability to the client. The choice to charge a retainer depends on the consultant's work type and personal preference. It helps cover initial costs of the business relationship and secures payment for early efforts, particularly if the relationship ends prematurely. Typically, retainer agreements incorporate a minimum deposit or predetermined hours required for service. This tutorial will review what a retainer is, how to draft the agreement, and how to obtain a free consulting agreement.