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  • ZENLAND DOCS
  • Getting started
    • What Is Smart Contract
    • What Is Network
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  • 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
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    • ZENF Token
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  • 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
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  1. contract states

Fulfilled State

PreviousActive StateNextExecuted State

Last updated 3 years ago

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Once the (seller) completes the delivery of the product/service, the contract enters a new state. Known as the fulfilled state, it indicates the Contractor's completion of the contract terms. The initiator, in this case, is the Contractor, who requests* the contract to record terms completion.

While a is in a fulfilled state, (buyer) expected:

  • to check the product/service delivered by the Contractor,

  • to release the (funds) from the contract (this brings the new state, ).

The fulfilled state of a contract gives the Contractee time necessary to receive and approve the order, a.k.a. . If approved, the contract is ordered to pay the agreed amount of tokens to the Contractor's wallet address**. This address is specified in the contract terms when the contract is created.

The contract remains in a fulfilled state until the funds are released by either party or until it enters a .

Usually, the is taken by the Contractee upon the product/service approval. However, when specified conditions are met, the Contractor can release funds from the contract without the Contractee's consent.

Read more about funds' release .

Good to know

*All blockchain transactions, a.i. requests are processed by nodes (individual computers) and require gas fees to be paid.

More on gas fees and why they exist can be found in "".

**Cryptocurrency wallet is an app (web, desktop, mobile) or a physical device that stores your public and private keys. Metamask, Coinbase Wallet, and Trustwallet are among the most used crypto wallets. Each wallet has its unique ID known as a wallet address.

Contractor
Zenland contract
Contractee
agreed amount
Executed state
buyer protection time
disputed state
release action
here
What is Network