Warranty
Lucid holds warranty funds to ensure obligations are fulfilled before payment is released.
How It Works
AgreementBuyer and Seller set agreement terms via Lucid
EscrowBuyer deposits Warranty funds
DeliverySeller fulfils all agreed obligations
AcceptanceAcceptance is automatic upon confirmed transaction conditions
DisbursementLucid disburses funds automatically to applicable Counterparty
Ideal For:
- Long-term performance guarantees
Benefits:
- Assurance of warranty compliance
- Reduced performance disputes
- Secure conditional payment
Lucid's Role:
- Holds warranty funds securely
- Releases funds only when warranty obligations are fulfilled
- Supports conditional payment structures
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