Warranty
Luceed holds warranty funds to ensure obligations are fulfilled before payment is released.
How It Works
Action
Role
Buyer and Seller set agreement terms via Luceed
Buyer deposits Warranty funds
Seller fulfils all agreed obligations
Acceptance is automatic upon confirmed transaction conditions
Luceed disburses funds automatically, to applicable Counterparty
Ideal For
- Long-term performance guarantees
Benefits
- Assurance of warranty compliance
- Reduced performance disputes
- Secure conditional payment
Luceed's Role
- Holds funds securely in escrow
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