Agreement Contracts
Importance of agreement contracts in freelancing. Layers offers secure, customizable, and enforceable digital contracts using smart contracts and cryptography.
An agreement contract is a document that outlines the terms and conditions of a project between a freelancer and a client. Both parties need to have a clear understanding of the expectations and obligations before the project begins. An agreement contract generally includes project Scope, timeline, payment terms, and other rights.
It is important to have an agreement contract in place to protect both the freelancer and the client. The contract will help to ensure that the project is completed on time and to the agreed-upon specifications. It will also help to avoid any misunderstandings or disputes down the road.
Why there is a need for the Layers Agreement Contract?
There is no debate that agreement contracts are important whether it's a short-term or long-term job but due to limitations of the current standards and web2 tech it's still hectic to securely create them that's why layers choose the Agreement Contracts as its primary feature.
Here is a solution table:
One-sided, favoring one party
Both parties will be involved in the contract creation so one can't dictate.
Difficult to understand
Language would be chosen by the parties
Inflexible
Create contracts from scratch or use built-in templates, and templates are also editable
Difficult to enforce
They can be plugged in with the smart contracts to enforce the conditions such as attaching an escrow will enforce the payments to be released according to conditions.
Signature Tempring
Layers contracts used digital signatures which are secured by cryptography.
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