📋Types of Freelance Contracts You Can Create

Explore Midcontract’s supported contract types: fixed-price, milestone-based, hourly, and retainers — all backed by smart contract automation.

Midcontract supports multiple contract structures, so you can work in the way that fits your projects — from one-off gigs to long-term retainers.


💰 Fixed-Price Contracts

Ideal for clear, scoped deliverables — with upfront funding and guaranteed payouts.

  • Full payment is deposited into escrow before work begins

  • Clients have 5 days to review submitted work — after that, it’s auto-approved by the system to prevent stalling

  • Revisions? No problem — clients can request changes, and contractors can resubmit via the same workflow

  • Payments unlock automatically upon approval (or auto-approval) and are instantly available for withdrawal

  • Milestone variation supported — break large projects into phases with separate approvals and payouts

Perfect for one-off tasks like design, dev, writing, and anything with a defined outcome and deadline.


🧱 Milestone-Based Contracts

Split your project into multiple phases — each with its own funding, submission, and approval.

  • Each milestone is pre-funded before work begins — no need to commit the full budget upfront

  • Deliverables are submitted per milestone, keeping the scope tight and progress easy to track

  • Milestones can run sequentially or in parallel — based on project needs and mutual agreement

  • 5-day client review period applies to each milestone. If no action is taken, it’s auto-approved and paid out

  • Smart notifications remind both parties of pending reviews, upcoming due dates, or approval deadlines

Great for multi-phase builds, campaigns, launches, and anything that benefits from structured progress.


⏱ Hourly Contracts

Pay for the actual hours worked — with built-in automation, transparency, and protection for both sides.

  • Set an hourly rate and (optionally) a weekly limit when creating the contract

  • Log time manually through the platform — your timesheet is automatically submitted and locked every Monday at 00:00 UTC

  • Clients review timesheets within 3 days — or the system auto-approves them to avoid unnecessary delays

  • Prepay or pay-as-you-go: Clients can preload funds or top up as needed

  • If the balance runs out, the contract is paused until it’s refilled

  • Rate flexibility with rules: Contractors can lower their rate (effective next Monday), clients can raise it instantly

Perfect for ongoing support, consulting, content, or any long-term collaboration where time is the key deliverable.


🔁 Retainer Contracts

(coming soon)

Recurring agreements for long-term work.

  • Fixed payments on a weekly, bi-weekly, or monthly basis

  • Ideal for agency retainers, consulting, or managed services

All contract types are backed by smart contracts — meaning clear, automated, and tamper-proof execution every time.

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