Payments

Overview: Set amount payable to the wallet address of a business contact (supplier, tax expense, employee, director) and its due date. There is also the option to delete the policy if the transaction is canceled ideally with mutual sign off approval from each party. A breach occurs if payment is not made by the due date.

Over time this policy can expanded to reflect more complex trade arrangements possibly tailored to transaction type. For example policies may include additional checks in order to fulfill the needs of :

  • OTC financial derivative products

  • Transactions that involve international shipping (proof of delivery, signing of product acceptance)

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