Professional Services
Lucid enables milestone-based payments for professional services, ensuring work is completed before funds are released.
How It Works
AgreementBuyer and service provider (seller) agree on scope of work and sign agreement on Lucid
EscrowBuyer deposits funds
DeliverySeller provides services according to the agreed terms
AcceptanceBuyer confirms that the service(s) has been provided in line with agreed scope of work
DisbursementLucid disburses funds automatically to service provider
Ideal For:
- Consultants
- Agencies
- Contractors
- Service providers
Benefits:
- Milestone-based releases
- Reduced payment disputes
- Clear expectations
Lucid's Role:
- Holds professional service payments securely
- Releases funds when agreed milestones are completed
- Supports clear expectations between service providers and clients
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