LEX Paid Escrow.
LEXON: 0.2.12
COMMENT: 3.f - an escrow that is controlled by a third party for a fee.
“Payer” is a person.
“Payee” is a person.
“Arbiter” is a person.
“Fee” is an amount.
The Payer pays an Amount into escrow,
appoints the Payee,
appoints the Arbiter,
and also fixes the Fee.
CLAUSE: Pay Out.
The Arbiter may pay from escrow the Fee to themselves,
and afterwards pay the remainder of the escrow to the Payee.
CLAUSE: Pay Back.
The Arbiter may pay from escrow the Fee to themselves,
and afterwards return the remainder of the escrow to the Payer.
