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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 retainer fee reserves the consultant's availability for a minimum number of hours and ensures payment for initial efforts. Consultants may choose to implement a retainer based on the type of work and personal preference, as it helps cover initial costs and provides financial security if the relationship does not continue. Retainer agreements typically include a minimum deposit or pre-ordered number of hours required from the consultant.