Contract Agreement Types

Linear Agreement:

A linear agreement is a type of contract that is used to pay someone who makes a set amount of money per week/ month. Project funds can be claimed by the person hired as soon as the project begins and as frequently as every 12 seconds if they wish. Please note, Linear Agreements can be paused at any time.

How can you use a linear agreement: For instance, if you would like to hire a discord moderator for $1,000 USDC per week, this is the type of contract you should create for your agreement.

One Time Agreement:

This type of agreement is used to pay someone for a single task or project. Funds will be released as soon as the person hired fulfills their required deliverables.

How can you use a One Time Agreement: For example, if you would like to hire someone to create a video for your company and you do not plan to pursue any further work with the individual after the project is completed.

Milestone Agreement:

This contract agreement type is best used for large projects that require multiple checkpoints and frequent deliverables.

How can you use a Milestone Agreement: For instance, if you wish to hire someone to build your company a website. The first deliverable in the Milestone Agreement will be the website design, then followed by the build of specific sections of the website.