Rise Smart Contracts: The Concrete Future of Work
In any business settings, a contract is essential. It is a way to have proof of an agreement through written terms. For freelancers, this is only magnified, considering the work done by independent professionals is many times, done between two parties that have never worked together before. A contract suggests trust when the only thing the two parties can agree upon is a transaction. A contract represents the bond between two strangers, and an agreement that whatever is written will be taken seriously.
Whether an established independent professional or just starting out, contracts can put both parties more at ease. They establish actual timelines, payment terms, and give an aura of professionalism to the work to be done. This credibility rolls over into future jobs taken on by the freelancer, which may even have been obtained due to a job well done. Figuring out how to structure these documents may take a bit of experience, but it is worth understanding the importance of them early on in your freelance life. All clients are different. Some may be flexible, while others may make an independent professional’s life a bit more difficult. Having a contract puts terms forward for each party to see. It’s important to lay out the exact process to be expected so there are no surprises. The more predictable the work to be done is, the better.
At Rise, we understand the importance of the contract to an independent professional. We also understand the shortcomings of what a traditional contract can bring. Things that are agreed upon on paper can be manipulated. Timelines may not come to fruition and parties that sign contracts may end up unhappy with the decision to work with one another.
Marketplaces which offer gig opportunities act as third parties during a transaction. More often than not, freelancers rely on them for protection when a client defaults or starts acting unprofessional. Unfortunately for freelancers, mediation decisions almost always favor the customer.
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