How to Draft a Strong Consulting Agreement – Expert Tips

A consulting agreement plays a crucial role in setting payment terms, ensuring that both the consultant and client are clear on compensation expectations. It outlines whether the consultant will be paid per project, per hour, or on a retainer basis. The agreement should specify due dates, late fees, and reimbursement policies for expenses incurred during the engagement. Clear payment terms in a consulting agreement reduce financial disputes and create transparency. This document also helps consultants protect their earnings by legally enforcing agreed-upon terms.