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In this video tutorial, Drew Bowers discusses the essential contracts for consultants, focusing on the importance of a consulting agreement to avoid billing disputes and clarify engagement terms. Key components of the agreement include establishing the consultant as an independent contractor, detailing payment amounts, payment frequency, acceptable methods, and signatures from both parties. Bowers emphasizes using your own contract, as it tends to favor the drafter. If signing the client's contract, it is crucial to read it thoroughly to ensure clarity on rates, billing frequency, and project completion. Any disagreements or misunderstandings should be addressed with the client. Sample consulting agreement templates are provided.
