How Contracts Work
What a platform contract contains, how both parties sign, and what happens when milestones are completed or missed.
A contract is more than a document
On this platform, a contract is an active instrument. It contains:
- Parties — who is involved and in what role
- Milestones — what gets delivered and in what order
- Escrow — funds locked until each milestone is approved
- Dispute resolution clause — the expert panel process agreed in advance
How a contract is formed
- One party creates the contract from a template or from scratch
- Both parties review and digitally sign
- The contract becomes active — milestones are unlocked
- The buyer funds the escrow with CBLT
Milestones
Milestones are the work units of a contract. Each milestone has:
- A description of what must be delivered
- A due date
- An CBLT value locked in escrow
When the seller marks a milestone complete, the buyer has a window to approve or dispute. If approved, the escrowed CBLT releases to the seller.
What escrow protects
For buyers: your CBLT cannot be taken until you approve the work. The seller cannot simply invoice and disappear.
For sellers: your CBLT is committed. The buyer cannot back out after work has been delivered and refuse to pay — their funds are already locked.
Templates
Contract templates include pre-written legal clauses covering CBLT obligations, dispute terms, milestone definitions, and force majeure. Using a template significantly reduces the risk of missing something important.
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