Important issues to cover in a consultant agreement include the scope of the work, specified rate of pay, time frame and an independent contractor statement, explains Iowa State University. A consultant agreement typically includes an exhibit that lists the specified services, which the parties may amend as needed.
The consultant agreement must also specify the amount of compensation that the contractor agrees to charge and the client agrees to pay, notes Iowa State University. The time frame for completing the work and receiving pay is a critical part of the agreement. An independent contractor statement is needed for tax purposes as well as to protect the client as well as the contractor.