# Smart Contract Workflow: From Agreement to Payout Midcontract streamlines collaboration between freelancers, agencies, and clients β€” from setting expectations to getting paid. *** ### **πŸ› οΈ 1. Create a Smart Contract** Either party can initiate a contract via a simple interface. Choose the contract type (fixed, milestone, or hourly), set deliverables, deadlines, and payment terms β€” all in one place. [πŸ“„ Explore supported contract types β†’](https://docs.midcontract.com/why-midcontract/types-of-freelance-contracts-you-can-create) Each agreement is backed by a smart contract β€” no PDFs, no scattered docs, no second-guessing. You can still chat and coordinate as needed, but the core terms are locked on-chain for total clarity and trust. *** ### **πŸ‘€ 2. Complete Identity Verification** Before funding begins, both parties must complete a one-time identity verification (KYC). This protects both sides and ensures compliance. *** ### **πŸ’° 3. Fund the Escrow** Once terms are accepted, the client deposits funds into escrow. These funds are held in a smart contract β€” not by Midcontract β€” and remain locked until work is approved. [πŸ’Έ How escrow protection works β†’](https://docs.midcontract.com/why-midcontract/escrow-and-payment-security-for-freelancers-and-clients) To fund the escrow, simply deposit stablecoins directly, or easily purchase them using fiat via our integrated partner services β€” available in select regions. [🌍 See payout and funding options β†’](https://docs.midcontract.com/why-midcontract/multi-currency-payouts-and-comparison-with-traditional-platforms) *** ### **πŸ“¦ 4. Deliver the Work** The freelancer or agency completes the task and submits it through the platform. This triggers a client notification for review and approval. [πŸ“€ Submitting work and revisions β†’](https://docs.midcontract.com/submitting-work-deliverables-revisions-and-client-review) *** ### **βœ… 5. Approve & Get Paid** Once the client approves the work, funds are instantly released from escrow to the freelancer. Payouts are made in stablecoins. Want to cash out in fiat? No problem β€” use our built-in partner service to convert and withdraw to your preferred local method. [πŸ”“ Learn how payouts work β†’](https://docs.midcontract.com/getting-paid-payment-release-and-fund-withdrawal) *** #### **✨ Why It Works** * No payment chasing * No unclear scope * No confusion about what’s been agreed Midcontract creates a transparent, automated workflow for both sides.