Summary of Modules

• Escrow Management Module: Manages the creation and role assignment for escrow contracts.
• Payment Management Module: Handles the deposit, release, and automatic payment of escrow funds.
• Condition Validation & Dispute Resolution Module: Merged module to validate conditions and resolve disputes.
• Role and Permissions Module: Assigns roles and enforces permissions.
• Monitoring, Reporting, and Lifecycle Management Module: Centralized view-only access to escrow status and state tracking, combined with lifecycle management.
• Event Management Module: Centralized event handling.
• Platform Fee and Utility Module: Handles platform fee calculations, fee splitting, and other helper functions.

Escrow Management Module

The Escrow Management Module is responsible for creating and managing individual Escrow Contracts within the scope of a broader Engagement. This module must support scenarios where a third-party platform (e.g., eBay or a marketplace) acts as the Issuer of the escrow, while the Client and Service Provider are the actual participants in the transaction.

Key Responsibilities:

• Escrow Initialization:

  • The Issuer initiates the escrow on behalf of the Client and assigns all key roles (Client, Service Provider, Reviewer, Arbitration Party).
  • Key parameters include the Engagement ID, Escrow Amount, Description, Deadline, Roles, and whether the escrow is Time-Based.

• Role Assignment and Initialization:

  • Roles are assigned during escrow creation: Issuer, Client, Service Provider, Reviewer, and Arbitration Party.
  • The Escrow Status is automatically set to Pending.

• Escrow Updates:

  • Only the Client is authorized to update certain parameters (such as the deadline or description) while the escrow is still in the Pending status.

• Key Considerations for Feedback: