How to negotiate a fixed-price contract?
How do you approach negotiating a fixed-price contract for a cryptocurrency project? Are there any specific considerations that one should keep in mind when discussing the terms of such a contract? Additionally, what strategies can be used to ensure that both parties are satisfied with the final agreement, and how can potential disputes be avoided or resolved?
When should you use a fixed-price contract?
Can you elaborate on when a fixed-price contract would be the most appropriate choice in the world of cryptocurrency and finance? Is it primarily used for smaller projects with clearly defined scopes, or are there larger-scale applications where it can prove beneficial as well? How does a fixed-price contract compare to other types of agreements, such as hourly rates or milestone-based payments, in terms of risk management and cost efficiency?
What is a fixed-price contract fee?
Can you clarify what a fixed-price contract fee entails in the context of cryptocurrency and finance? Is it a pre-determined fee that doesn't fluctuate based on market conditions, or is there more to it? How does it differ from other types of contract fees, and what are its advantages and disadvantages for parties involved in a transaction? Understanding this concept is crucial for navigating the complex world of digital assets and ensuring financial stability.