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In this video tutorial, Drew Bowers Auger discusses essential contracts for consulting, focusing on the importance of having a consulting agreement to prevent billing disputes and clarify engagement terms. Key points to cover in the consulting agreement include: confirming the client is hiring your business as an independent contractor, specifying payment amount and frequency, accepted payment methods, and obtaining signatures from both parties. Sample consulting agreement templates are provided, emphasizing that contracts are often biased toward the drafting party. It's advisable for consultants to have clients sign their contract. If required to sign the client's contract, thorough reading is necessary to ensure clarity on rates, billing frequency, and project completion, with any disagreements or uncertainties to be openly discussed with the client.
