Contractor Retention is an important concept for businesses to understand and implement. It is the practice of setting up an agreement between a contractor, or an independent entity providing services, and the business that hires them. Contractor Retention agreements usually include clauses like salary terms, duration of the project they are hired to do, and expectations of performance. These agreements help protect all parties involved, as well as promote loyalty, efficiency, and productivity within the working relationship. As such, Contractor Retention should be taken seriously, and seen as an invaluable tool to ensure success.