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A consulting agreement with a retainer is an upfront payment arrangement between a consultant and client to reserve the consultant's services for a set number of hours. Consultants may charge a retainer to cover upfront costs and ensure payment for initial efforts. Retainer agreements typically include a minimum deposit or preordered hours, providing stability for both parties. Consultants may offer free consulting agreements, but the decision to charge a retainer depends on the nature of the work and consultant's preference.
