A consulting contract is a formal, legally binding contract between a client and a consultant, outlining the terms and conditions of their professional relationship. It specifies the scope of work, project objectives, consultant's responsibilities, and deliverables, as well as payment terms, timeline, confidentiality clauses, and intellectual property rights. This type of agreement helps to clarify expectations for both parties, protect their interests, and ensure a smooth working relationship, resulting in a more efficient and successful consulting engagement.

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