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In this video tutorial, Drew Bowers Auger discusses essential contracts for consulting. He emphasizes the significance of a consulting agreement to prevent disputes regarding billing and engagement. Key points to include in the contract are the client's hiring of your business as an independent contractor, payment amounts, payment frequency, acceptable methods, and signatures from both parties. Sample consulting agreement templates are provided, with a note that contracts tend to favor the party who drafted them. It’s advisable to have clients sign your contract; if signing theirs, read thoroughly to ensure clarity on rates, billing frequency, and project completion. Discuss any disagreements or uncertainties with the client.
