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In this video tutorial, Drew Bowers Auger discusses essential contracts for consulting. He emphasizes the importance of a consulting agreement to prevent disputes regarding billing and engagement. Key points include defining the client’s hire of your business as an independent contractor, payment amounts and frequency, acceptable payment methods, and obtaining signatures from both parties. He provides sample consulting agreement templates, highlighting that contracts are often biased towards the drafting party. Ideally, consultants should have clients sign their contracts. If a consultant must sign a client's contract, they should carefully review it to ensure clarity on payment rates, billing frequency, and project completion, addressing any disagreements with the client.
