Executed State
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In order for the to change to executed one, the (funds) must be released from the contract to the wallet address(es) specified in its terms.
Usually, the is done by the (buyer) satisfied with the product/service delivered by the (seller). In certain circumstances, the funds are released either by the Contractor or the Agent.
More about how funds are released is .
Important!
The executed state of the contract indicates that it is been finalized, and no action has to be taken by the parties. At this point, the Zenland contract, a , has read and run all its instructions (functions) written in code, a.i. has executed the code.
There are no further left for parties to take. Thus, the best metaphor for this state of the contract can be an "archived" state.
Like the real-life formal contracts, all Zenland contracts are stored on the shelves (blocks) of the database (blockchain). The only difference is that no contract is ever discarded and can be found for as long as the blockchain exists.
Important!
Executed contracts cannot be disputed, altered, or influenced in any way. These are the blockchain rules that all smart contracts follow.
For more information on the blockchain and smart contracts refer to the "Getting Started" section.