A consulting contract is a formal agreement between a consultant and a client. It outlines the terms of the consulting services to be provided, including the scope of work, duration, and payment details. This contract helps ensure that both parties understand their responsibilities and expectations, reducing the risk of misunderstandings. Typically, a consulting contract includes clauses related to confidentiality, intellectual property, and termination. By clearly defining these aspects, the contract protects the interests of both the consultant and the client, fostering a professional relationship built on trust and clarity.