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AvalonEarth Wiki Economy Contracts

Contracts

From the AvalonEarth Wiki

Every cross-company sale on AvalonEarth uses a contract. A contract tracks the order from the moment a buyer places it to the moment the work is finished, and it holds part of the payment in escrow so both sides are protected.

Contract states

A contract can move through these states:

PendingBuyer placed the order. Seller has not responded yet.
AcceptedSeller agreed. Work can begin.
RefusedSeller said no. Buyer is refunded.
In ProgressWork is being done.
CompletedDone — held funds released to seller.
CancelledTerminated without completion.

Escrow protection

Escrow protects both sides: 50% is paid up front to the seller and 50% is held until the contract is finished. Sellers get paid for starting, and buyers don't release the full price until completion.

Categories: Economy | Companies