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In this video tutorial by Drew Bowers Auger, key aspects of consulting contracts are discussed. The importance of signing a consulting agreement is emphasized to avoid disputes regarding billing and engagement. The main elements to include are the client's hiring of the consultant as an independent contractor, payment amount, payment frequency, acceptable payment methods, and signatures from both parties. Sample consulting agreement templates are provided, highlighting that contracts often favor the party who drafted them. It’s recommended to have clients sign your contract. If you must sign their contract, review it thoroughly to ensure clarity on rate, billing frequency, and project completion. Any disagreements should be addressed with the client.
