# Contracts

## Contract Types

There are 5 main contract types within the Tirbeworks system. When creating your contracts you can set one of these major types.

<details>

<summary>Hourly</summary>

</details>

<details>

<summary>Weekly Retainer</summary>

</details>

<details>

<summary>Monthly Retainer</summary>

</details>

<details>

<summary>Per Project (With Downpayment)</summary>

</details>

<details>

<summary>Per Project (On completion)</summary>

</details>

## Payment Types

There are 5 main ways you can get paid on contracts within the Tirbeworks system. When creating your contracts you can set one of these major types.

<details>

<summary>Billed Per Hour</summary>

</details>

<details>

<summary>Billed Weekly</summary>

</details>

<details>

<summary>Billed Against Retainer</summary>

</details>

<details>

<summary>Paid Upfront</summary>

</details>

<details>

<summary>Paid Upon Completion</summary>

</details>

<details>

<summary>Other</summary>

</details>

## Payment Terms

When you are negotiating a contract with your client you can adjust the payment terms within the contract. These terms are how long it takes for your client to pay after you submit an invoice. Tribeworks generally allows 5 different terms.

<details>

<summary>Paid Upon Receipt of the Invoice</summary>

</details>

<details>

<summary>7 days after you send them an invoice</summary>

</details>

<details>

<summary>15 days after you send them an invoice</summary>

</details>

<details>

<summary>30 days after you send them an invoice</summary>

</details>


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