Settlement / Legal
Lucid holds settlement funds securely until legal terms and court-approved conditions are met.
How It Works
AgreementCounterparties agree to settlement terms via lucid
EscrowBuyer deposits funds
DeliveryDelivery confrirmation is automatic once all transaction conditions are met
AcceptanceAcceptance is confirmed upon fulfilment of legal terms
DisbursementLucid disburses funds automatically to applicable Counterpaty
Ideal For:
- Lawsuits
- Settlements
- Depositing funds into escrow
- Legal and inspection checks
- Title transfer
- Structured payouts
Benefits:
- Neutral escrow management
- Court-compliant release
- Reduced legal risk
Lucid's Role:
- Holds settlement funds securely
- Releases funds according to legal terms and court-approved conditions
- Supports structured payout conditions
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