18 lines
578 B
Plaintext
18 lines
578 B
Plaintext
LEX Paid Escrow.
|
|
LEXON: 0.2.12
|
|
COMMENT: 3.f - an escrow that is controlled by a third party for a fee.
|
|
“Payer” is a person.
|
|
“Payee” is a person.
|
|
“Arbiter” is a person.
|
|
“Fee” is an amount.
|
|
The Payer pays an Amount into escrow,
|
|
appoints the Payee,
|
|
appoints the Arbiter,
|
|
and also fixes the Fee.
|
|
CLAUSE: Pay Out.
|
|
The Arbiter may pay from escrow the Fee to themselves,
|
|
and afterwards pay the remainder of the escrow to the Payee.
|
|
CLAUSE: Pay Back.
|
|
The Arbiter may pay from escrow the Fee to themselves,
|
|
and afterwards return the remainder of the escrow to the Payer.
|