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← Legal informationConsent to the reservation of funds (escrow)
This is an informational translation of the Russian original. The Russian text prevails. The translation has not yet been reviewed by a lawyer.
Read the original in RussianWhen: When activating escrow (selecting “Activate protection”)
For whom: P1 (client)
Legal basis: Offer agreement
Required: yes
Fields in square brackets are completed when consent is given.
I, [P1 full name / Telegram username], confirm that I agree to reserve funds in the amount of [amount] ₽ to pay for the fulfilment of obligations under capsule [capsule ID] on the following terms:
1. Reservation terms:
- Funds are reserved with a licensed payment provider (Tochka Bank, secure transaction service)
- COREXO (Individual Entrepreneur D.A. Shishnev, OGRNIP 326774600424037, INN 790600849762) is not the holder of the funds
- Funds will be paid out to P2 only if the capsule terms (DoD) are met
2. Payout terms:
- The payout is made in instalments as iterations are completed (where applicable)
- The payout is initiated after verification of Proof artifacts
- Final confirmation of the payout remains with P1
3. Refund terms:
- If the capsule is cancelled before work starts — full refund
- If P2 misses the deadline — funds are returned to P1
- In the event of a dispute — the arbitrator’s decision
4. Transaction guarantee fee:
- Transaction guarantee fee: [amount] ₽ (includes the payment provider’s and COREXO’s commission)
Consent statements
- I agree to the reservation of funds
- I have read the refund and arbitration rules
Direct link to this document
https://corexolife.io/legal/escrow?lang=en
Translation of version 1.1