Let's get started!
Log in and locate the "Create a Contract" tab on the left hand side of the home page.
Locate the milestone option under the different types of contracts available to create.
There will be 4 steps to create a Milestone contract.
Choose the entity, create a contract name, fill in the scope of work, and enter the contractor's start date. You can also use one of our saved prompts for scope of work if useful.
Select the currency you will use for payment, enter the milestone and amount to pay for each milestone created. You also have the option to attach a file if needed.
This step will have multiple parts.
You can choose a termination date. This means as the client you will pay the contractor after each milestone is reached until the contract has been terminated.
A notice period can be made where either party can terminate the contract after the x number of days chosen.
Stock options offer can also be established.
Add any additional documents if you feel the need.
And finally, you will have the option to add a special clause if desired.
In this last step, you will decide wether you want to use Deel's locally compliant contract or you own that you can upload.
Choose the contractor's tax residence and learn more about Deel Premium by clicking the "Learn more" button.
Congratulations, you have successfully made a milestone contract!
You will now need to "Review & Sign" the contract and invite the contractor to do the same. You will have the option to "Switch Signing Order" or "Cancel Contract" on the same page.