# Contracts

## Contracts

When you are accepted onto a Folio project, a contract is issued that formalizes the terms of your engagement. Review and sign your contract before beginning any work.

### Contract Types

Folio supports two contract structures depending on the nature of the project:

#### Hourly Contracts

* You are compensated based on verified hours worked.
* Your agreed hourly rate and estimated weekly hours are specified in the contract.
* Hours must be logged through the Folio platform for payment eligibility.
* Example: *Physician Internal Medicine — $144/hr, up to 10 hrs/week*

#### Deliverable-Based (Project) Contracts

* You are compensated upon completion and acceptance of defined deliverables.
* Each deliverable and its associated payment amount are specified in the contract.
* Deliverables are reviewed and approved by the project manager before payment is released.

### Contract Structure

A standard Folio contract includes:

* **Role and project name** — The specific position and project you are engaged for
* **Compensation** — Hourly rate or deliverable pricing, as applicable
* **Scope of work** — Description of tasks and expected output
* **Estimated hours** — Weekly hour commitment (for hourly contracts)
* **Project timeline** — Kickoff date, estimated end date, and total estimated hours
* **Confidentiality terms** — NDA and data handling obligations
* **Independent contractor status** — Confirmation that you are engaged as an independent contractor, not an employee

### Accepting and Signing a Contract

1. When a contract is ready, you will receive a notification via email and the Folio platform.
2. Navigate to your **Home** dashboard and locate the contract in the **Contracts** tab.
3. Review all terms carefully before signing.
4. Sign electronically to confirm your acceptance.
5. Once signed, the contract is active and you may begin work.

> Contracts must be signed before work begins. Work performed prior to a signed contract may not be eligible for payment.

### Modifying or Ending a Contract

If you have questions about a contract's terms or need to request a modification, contact your project manager through **Messages** or reach Folio support via the in-app help chat.