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Contract Due Date
Contract due date is the date and time when a product/service is expected to be received by the Contractee (buyer).
This date should not be confused with the expiration date of a paper-based contract.
This is because the contract is still active and valid after the due date, during buyer protection time, and/or until the agreed amount (funds) is released.
Once published to the blockchain, smart contracts have no expiration date and permanently remain in the executed state once the funds have been released.
The due date is the deadline for delivery that can be used when a dispute agent is called to resolve your case.
Last modified 1yr ago