Comment by paulftw
12 years ago
"list of conditions for both sides ... predetermined amount of money" - that is what contract is. If they had it - no need for escrow.
12 years ago
"list of conditions for both sides ... predetermined amount of money" - that is what contract is. If they had it - no need for escrow.
You're assuming that:
1. The contract will be honoured and
2. The cost of litigation is lower than the unpaid $.
well, yes. I am assuming a lawyer call is enough to make 95% of people shut up and pay. at least in western world. So existence of contract reduces your risk 10-20 fold