diff --git a/docs/docs/guides/web3_migration_guide/index.md b/docs/docs/guides/web3_migration_guide/index.md
index 27be98c9302..061a0d40497 100644
--- a/docs/docs/guides/web3_migration_guide/index.md
+++ b/docs/docs/guides/web3_migration_guide/index.md
@@ -32,6 +32,10 @@ const web3 = new Web3();
 
 Passing callbacks to functions is no longer supported, except for event listeners.
 
+For example, the approach to subscribing-to and listening-for blockchain events has changed in version 4.x. Detailed instructions can be found in the [**`web3.eth.subscribe` Migration Guide**](/docs/guides/web3_migration_guide/subscribe_migration_guide#subscribing-to-events).
+
+However, the approach to subscribing to Provider events remains the same, utilizing callbacks as explained in the [Providers Events Listening guide](/docs/guides/web3_providers_guide/events_listening). It is important to note that Providers have undergone some breaking changes, including the renaming of the `on('close', ...)` to `on('disconnect', ...)`.
+
 ### Not Implemented or Exported
 
 -   [extend](https://web3js.readthedocs.io/en/v1.7.3/web3.html#extend) Extending web3 modules functionality is not implemented
diff --git a/docs/docs/guides/web3_migration_guide/subscribe_migration_guide.md b/docs/docs/guides/web3_migration_guide/subscribe_migration_guide.md
index 708fa639503..6ce6c2512a2 100644
--- a/docs/docs/guides/web3_migration_guide/subscribe_migration_guide.md
+++ b/docs/docs/guides/web3_migration_guide/subscribe_migration_guide.md
@@ -7,6 +7,45 @@ sidebar_label: web3.eth.subscribe
 
 ## Breaking Changes
 
+### Subscribing to events
+
+You subscribe to blockchain events using the `web3.eth.subscribe` API.
+
+However, in web3.js version 1.x, for example, you could subscribe to the `newBlockHeaders` event, in one step, with the following code snippet:
+
+```typescript
+var subscription = web3.eth.subscribe('newBlockHeaders', function (error, result) {
+	if (!error) console.log(result);
+});
+```
+
+But, in web3.js Version 4.x, the function signature has changed for `web3.eth.subscribe`. In addition, the way you get notified for `data` and `error` has also changed. It is now in 2 steps: First you subscribe and then you listen to events. Here's an example of how you would subscribe to the same `newBlockHeaders` event in web3.js version 4.x:
+
+```typescript
+// in 4.x
+const subscription = await web3.eth.subscribe('newHeads');
+
+// note that in version 4.x the way you get notified for `data` and `error` has changed
+subscription.on('data', async blockhead => {
+	console.log('New block header: ', blockhead);
+});
+subscription.on('error', error =>
+	console.log('Error when subscribing to New block header: ', error),
+);
+```
+
+#### Differences
+
+In summary, the differences you need to be aware of when subscribing to blockchain events in web3.js version 4.x are:
+
+-   The `subscribe` function signature has changed:
+    -   It does not accept a callback function.
+    -   It returns a subscription object that you can use to listen to `data` and `error` events.
+-   You should now use the `on`, or `once`, method on the newly returned subscription object to listen to `data` and `error` events, instead of passing a callback function directly.
+-   You can have multiple event listeners, if you have, for example multiple `on` calls. And you can get the number of listeners in you code by calling `listenerCount(event_name)` or get the listeners with `listeners(event_name)`.
+
+Keep in mind that these differences apply to all blockchain event subscriptions, not just to the `newBlockHeaders` event.
+
 ### New Block Headers event
 
 In 1.x, `web3.eth.subscribe('newBlockHeaders')` was used to subscribe to new block headers.
@@ -30,7 +69,18 @@ web3.eth.clearSubscriptions(function (error, success) {
 
 // in 4.x
 const subscription = await web3.eth.subscribe('newHeads');
-subscription.unsubscribe().then(
-	console.log(), // [...] Array of subsription ids
+
+// note that in version 4.x the way you get notified for `data` and `error` has changed
+newBlocksSubscription.on('data', async blockhead => {
+	console.log('New block header: ', blockhead);
+});
+newBlocksSubscription.on('error', error =>
+	console.log('Error when subscribing to New block header: ', error),
 );
+
+const ids = await web3.eth.clearSubscriptions();
+console.log(ids); // [...] An array of subscription ids that were cleared
+
+// note that you can unsubscribe from a specific subscription by calling unsubscribe()
+//	on that subscription object: `await subscription.unsubscribe();` and this would return void if succeeded.
 ```
diff --git a/packages/web3-core/src/web3_config.ts b/packages/web3-core/src/web3_config.ts
index 7219a351036..11436841b2d 100644
--- a/packages/web3-core/src/web3_config.ts
+++ b/packages/web3-core/src/web3_config.ts
@@ -282,7 +282,7 @@ export abstract class Web3Config
 	}
 
 	/**
-	 * The blockHeaderTimeout is used over socket-based connections. This option defines the amount seconds it should wait for “newBlockHeaders” event before falling back to polling to fetch transaction receipt.
+	 * The blockHeaderTimeout is used over socket-based connections. This option defines the amount seconds it should wait for `'newBlockHeaders'` event before falling back to polling to fetch transaction receipt.
 	 * Default is `10` seconds.
 	 */
 	public get blockHeaderTimeout() {
diff --git a/packages/web3-eth-contract/src/types.ts b/packages/web3-eth-contract/src/types.ts
index 6cbfdab32c0..e237fb53707 100644
--- a/packages/web3-eth-contract/src/types.ts
+++ b/packages/web3-eth-contract/src/types.ts
@@ -70,7 +70,7 @@ export interface ContractEventOptions {
 	 */
 	fromBlock?: BlockNumberOrTag;
 	/**
-	 * This allows to manually set the topics for the event filter. If given the filter property and event signature, (topic[0]) will not be set automatically. Each topic can also be a nested array of topics that behaves as “or” operation between the given nested topics.
+	 * This allows to manually set the topics for the event filter. If given the filter property and event signature, (topic[0]) will not be set automatically. Each topic can also be a nested array of topics that behaves as `or` operation between the given nested topics.
 	 */
 	topics?: string[];
 }
diff --git a/packages/web3-eth/src/web3_eth.ts b/packages/web3-eth/src/web3_eth.ts
index 30bd62b3b3d..0fbf506090b 100644
--- a/packages/web3-eth/src/web3_eth.ts
+++ b/packages/web3-eth/src/web3_eth.ts
@@ -1244,13 +1244,13 @@ export class Web3Eth extends Web3Context<Web3EthExecutionAPI, RegisteredSubscrip
 	}
 
 	/**
-	 * Gets work for miners to mine on. Returns the hash of the current block, the seedHash, and the boundary condition to be met (“target”).
+	 * Gets work for miners to mine on. Returns the hash of the current block, the seedHash, and the boundary condition to be met ('target').
 	 *
 	 * @returns The mining work as an array of strings with the following structure:
 	 *
 	 * String 32 Bytes - at index 0: current block header pow-hash
 	 * String 32 Bytes - at index 1: the seed hash used for the DAG.
-	 * String 32 Bytes - at index 2: the boundary condition (“target”), 2^256 / difficulty.
+	 * String 32 Bytes - at index 2: the boundary condition ('target'), 2^256 / difficulty.
 	 *
 	 * ```ts
 	 * web3.eth.getWork().then(console.log);
@@ -1424,7 +1424,7 @@ export class Web3Eth extends Web3Context<Web3EthExecutionAPI, RegisteredSubscrip
 	/**
 	 * @param blockCount Number of blocks in the requested range. Between `1` and `1024` blocks can be requested in a single query. Less than requested may be returned if not all blocks are available.
 	 * @param newestBlock Highest number block of the requested range.
-	 * @param rewardPercentiles A monotonically increasing list of percentile values to sample from each block’s effective priority fees per gas in ascending order, weighted by gas used. Example: `[“0”, “25”, “50”, “75”, “100”]` or `[“0”, “0.5”, “1”, “1.5”, “3”, “80”]`
+	 * @param rewardPercentiles A monotonically increasing list of percentile values to sample from each block’s effective priority fees per gas in ascending order, weighted by gas used. Example: `['0', '25', '50', '75', '100']` or `['0', '0.5', '1', '1.5', '3', '80']`
 	 * @param returnFormat ({@link DataFormat} defaults to {@link DEFAULT_RETURN_FORMAT}) - Specifies how the return data from the call should be formatted.
 	 * @returns `baseFeePerGas` and transaction effective `priorityFeePerGas` history for the requested block range if available.
 	 * The range between `headBlock - 4` and `headBlock` is guaranteed to be available while retrieving data from the `pending` block and older history are optional to support.
@@ -1553,22 +1553,33 @@ export class Web3Eth extends Web3Context<Web3EthExecutionAPI, RegisteredSubscrip
 	 * - on("error") - Fires when an error in the subscription occurs.
 	 * - on("connected") - Fires once after the subscription successfully connected. Returns the subscription id.
 	 *
-	 * @example
+	 * @example **Subscribe to Smart Contract events**
 	 * ```ts
-	 * const subscription = web3.eth.subscribe('logs', {
+	 * // Subscribe to `logs`
+	 * const logSubscription = web3.eth.subscribe('logs', {
 	 *     address: '0x1234567890123456789012345678901234567890',
 	 *     topics: ['0x033456732123ffff2342342dd12342434324234234fd234fd23fd4f23d4234']
-	 * }, function(error, result){
-	 *     if (!error)
-	 *         console.log(result);
 	 * });
+	 * logSubscription.on('data', (data: any) => console.log(data));
+	 * logSubscription.on('error', (error: any) => console.log(error));
 	 *
-	 * const subscription = web3.eth.subscribe('logs', {
-	 *     address: '0x1234567890123456789012345678901234567890',
-	 *     topics: ['0x033456732123ffff2342342dd12342434324234234fd234fd23fd4f23d4234']
-	 * })
-	 * .then(logs => console.log(logs))
-	 * .catch(error => console.log(error));
+	 * ```
+	 *
+	 * @example **Subscribe to new block headers**
+	 * ```ts
+	 * // Subscribe to `newBlockHeaders`
+	 * const newBlocksSubscription = await web3.eth.subscribe('newBlockHeaders');
+	 *
+	 * newBlocksSubscription.on('data', async blockhead => {
+	 * 	console.log('New block header: ', blockhead);
+	 *
+	 * 	// You do not need the next line, if you like to keep notified for every new block
+	 * 	await newBlocksSubscription.unsubscribe();
+	 * 	console.log('Unsubscribed from new block headers.');
+	 * });
+	 * newBlocksSubscription.on('error', error =>
+	 * 	console.log('Error when subscribing to New block header: ', error),
+	 * );
 	 * ```
 	 */
 	public async subscribe<
@@ -1614,11 +1625,11 @@ export class Web3Eth extends Web3Context<Web3EthExecutionAPI, RegisteredSubscrip
 	 * Resets subscriptions.
 	 *
 	 * @param notClearSyncing If `true` it keeps the `syncing` subscription.
-	 * @returns `true` if successful, otherwise `false`.
+	 * @returns A promise to an array of subscription ids that were cleared.
 	 *
 	 * ```ts
 	 * web3.eth.clearSubscriptions().then(console.log);
-	 * > true
+	 * > [...] An array of subscription ids that were cleared
 	 * ```
 	 */
 	public clearSubscriptions(notClearSyncing = false): Promise<string[]> | undefined {
diff --git a/packages/web3-eth/src/web3_subscriptions.ts b/packages/web3-eth/src/web3_subscriptions.ts
index 9294ca57d9c..5e312c0c72b 100644
--- a/packages/web3-eth/src/web3_subscriptions.ts
+++ b/packages/web3-eth/src/web3_subscriptions.ts
@@ -34,13 +34,13 @@ type CommonSubscriptionEvents = {
 	connected: number;
 };
 /**
- * ## subscribe(“logs”)
+ * ## subscribe('logs')
  * Subscribes to incoming logs, filtered by the given options. If a valid numerical fromBlock options property is set, web3.js will retrieve logs beginning from this point, backfilling the response as necessary.
  *
  * You can subscribe to logs matching a given filter object, which can take the following parameters:
- * - `fromBlock`: (optional, default: “latest”) Integer block number, or “latest” for the last mined block or “pending”, “earliest” for not yet mined transactions.
+ * - `fromBlock`: (optional, default: 'latest') Integer block number, or `'latest'` for the last mined block or `'pending'`, `'earliest'` for not yet mined transactions.
  * - `address`: (optional) Contract address or a list of addresses from which logs should originate.
- * - `topics`: (optional) Array of 32 Bytes DATA topics. Topics are order-dependent. Each topic can also be an array of DATA with “or” options.
+ * - `topics`: (optional) Array of 32 Bytes DATA topics. Topics are order-dependent. Each topic can also be an array of DATA with `or` options.
  *
  */
 export class LogsSubscription extends Web3Subscription<
@@ -68,13 +68,13 @@ export class LogsSubscription extends Web3Subscription<
 }
 
 /**
- * ## subscribe(“pendingTransactions”)
+ * ## subscribe('pendingTransactions')
  * Subscribes to incoming pending transactions.
  *
- * You can subscribe to pending transactions by calling web3.eth.subscribe(“pendingTransactions”).
+ * You can subscribe to pending transactions by calling web3.eth.subscribe('pendingTransactions').
  * @example
  * ```ts
- *  web3.eth.subscribe('pendingTransactions').on("data", console.log(transaction);
+ * (await web3.eth.subscribe('pendingTransactions')).on('data', console.log);
  * ```
  */
 export class NewPendingTransactionsSubscription extends Web3Subscription<
@@ -97,15 +97,15 @@ export class NewPendingTransactionsSubscription extends Web3Subscription<
 }
 
 /**
- * ## subscribe(“newHeads”) ( same as subscribe("newBlockHeaders"))
+ * ## subscribe('newHeads') ( same as subscribe('newBlockHeaders'))
  *
  * Subscribes to incoming block headers. This can be used as timer to check for changes on the blockchain.
  *
  * The structure of a returned block header is {@link BlockHeaderOutput}:
  * @example
  * ```ts
- * (await web3.eth.subscribe("newHeads")).on( // "newBlockHeaders" would work as well
- *  "data",
+ * (await web3.eth.subscribe('newHeads')).on( // 'newBlockHeaders' would work as well
+ *  'data',
  * console.log
  * );
  * >{
@@ -145,15 +145,15 @@ export class NewHeadsSubscription extends Web3Subscription<
 }
 
 /**
- * ## subscribe(“syncing”)
+ * ## subscribe('syncing')
  *
  * Subscribe to syncing events. This will return `true` when the node is syncing and when it’s finished syncing will return `false`, for the `changed` event.
  * @example
  * ```ts
- * (await web3.eth.subscribe("syncing")).on("changed", console.log);
+ * (await web3.eth.subscribe('syncing')).on('changed', console.log);
  * > `true` // when syncing
  *
- * (await web3.eth.subscribe("syncing")).on("data", console.log);
+ * (await web3.eth.subscribe('syncing')).on('data', console.log);
  * > {
  *      startingBlock: 0,
  *      currentBlock: 0,
diff --git a/packages/web3-types/src/eth_contract_types.ts b/packages/web3-types/src/eth_contract_types.ts
index 6fc0fcc42b1..5b14b6f0fce 100644
--- a/packages/web3-types/src/eth_contract_types.ts
+++ b/packages/web3-types/src/eth_contract_types.ts
@@ -50,12 +50,12 @@ export interface ContractInitOptions {
 export interface NonPayableCallOptions {
 	nonce?: HexString;
 	/**
-	 * The address the call `transaction` should be made from. For calls the `from` property is optional however it is
+	 * The address which is the call (the transaction) should be made from. For calls the `from` property is optional however it is
 	 * highly recommended to explicitly set it or it may default to address(0) depending on your node or provider.
 	 */
 	from?: Address;
 	/**
-	 * The maximum gas provided for this call “transaction” (gas limit)
+	 * The maximum gas (gas limit) provided for this call (this transaction)
 	 */
 	gas?: string;
 	maxPriorityFeePerGas?: HexString;