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  • ZENLAND DOCS
  • Getting started
    • What Is Smart Contract
    • What Is Network
    • What Is Explorer
    • What is Token
    • How Zenland works
  • FUNDAMENTALS
    • Zenland Contract
      • Contractee
      • Contractor
      • Contract Name
      • Contract Details
      • Agreed Amount
      • Contract Due Date
      • Buyer Protection Time
      • Zenland Fee
      • Zenland Fee Payer
    • Contract Chat
    • Contract Address
    • Custom Agent
    • Web3 Store
    • User Reputation
    • ZENF Token
    • Zenland Wallet
  • Contract Actions
    • What is Contract Action
    • Approve
    • Deploy
    • Transfer
    • Complete
    • Release
    • Dispute
    • Invite an Agent
    • Sync
    • Escrow user errors
  • contract states
    • What is Contract State
    • Draft State
    • Deployed State
    • Active State
    • Fulfilled State
    • Executed State
    • Disputed State
  • Smart contract types
    • Default Escrow Contract
    • Pre-Approved Contract
  • Extra
    • Tokenomics
    • Roadmap
    • Changelog
    • Contributors
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  1. contract states

Executed State

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Last updated 3 years ago

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The executed state is a permanent and final state of any . The contract remains executed indefinitely in the blockchain database.

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.

Zenland contract
contract state
agreed amount
release
Contractee
Contractor
here
smart program run on the blockchain
contract actions