Sentences with phrase «execute contracts when»

This is made possible by a distributed network of computers each of which downloads a small virtual machine to sync with the Ethereum blockchain and execute contracts when necessary.

The computer programs are designed to automatically execute contracts when certain conditions are met.

Not exact matches

But you can't lay off workers, or when the contracts start there is no one to execute.»

Traditional contracts could be replaced by code that self - executes when a triggering event occurs.

Ltd, even when it was found that the company was not qualified to execute the contract.

The court heard that Alanamu ensured that the contract for the construction and furnishing of an auditorium in Kwara State Polytechnic, at the cost of N182, 369, 625.00, was awarded to Namylas Nigeria Limited even when it was found that the company was not qualified to execute the contract.

When a condition is met, the contract will be automatically executed.

When buyers execute a purchase contract, the contract states how much money the buyer is putting up solely to secure the contract.

(1) Before executing a contract or agreement with or receiving money or other valuable consideration from a buyer, a credit services organization shall provide the buyer with a written statement containing: (a) A complete and detailed description of the services to be performed by the credit services organization for the buyer and the total cost of the services; (b) A statement explaining the buyer's right to proceed against the surety bond or surety account required by section 45 - 805; (c) The name and address of the surety company that issued the bond or the name and address of the depository and the trustee and the account number of the surety account; (d) A complete and accurate statement of the buyer's right to review any file on the buyer maintained by a consumer reporting agency as provided by the Fair Credit Reporting Act, 15 U.S.C. 1681 et seq.; (e) A statement that the buyer's file is available for review at no charge on request made to the consumer reporting agency within thirty days after the date of receipt of notice that credit has been denied and that the buyer's file is available for a minimal charge at any other time; (f) A complete and accurate statement of the buyer's right to dispute directly with the consumer reporting agency the completeness or accuracy of any item contained in a file on the buyer maintained by the consumer reporting agency; (g) A statement that accurate information can not be permanently removed from the files of a consumer reporting agency; (h) A complete and accurate statement of when consumer information becomes obsolete and of when consumer reporting agencies are prevented from issuing reports containing obsolete information; and (i) A complete and accurate statement of the availability of nonprofit credit counseling services.

Is the duration of these liabilities long enough to make that an attractive cost to funds or were these contracts executed primarily when rates were higher?

You are essentially betting on whether the value of an underlying asset is going to rise or fall in the future compared to what it was when the contract was taken out (or executed).

Electronic contracts have the same legal validity and enforceability of pen - and - paper documents, when executed in compliance with e-signature laws.

The inherent security of distributed ledgers lies in the fact that they are kept in synch across a network of authorised users and opens up the possibility of creating «smart» contracts, whose terms are executed without human intervention when triggered by an external event.

A Smart Contract is an agreement converted into a small piece of software, which stores the rules and terms of the agreement and when met automatically executes exactly how it was coded.

When unintended tax consequences result from a contract whose desired consequences, whether in whole or in part, are tax avoidance, deferral or minimization, amendments to the expression of the agreement in accordance with art. 1425 C.C.Q. is available only under two conditions: (a) if the unintended tax consequences were originally and specifically sought to be avoided, «through sufficiently precise obligations which objects, the prestations to execute, are determinate or determinable»; (b) «when the obligations, if properly expressed and the corresponding prestations, if properly executed, would have succeeded in doing so&raqWhen unintended tax consequences result from a contract whose desired consequences, whether in whole or in part, are tax avoidance, deferral or minimization, amendments to the expression of the agreement in accordance with art. 1425 C.C.Q. is available only under two conditions: (a) if the unintended tax consequences were originally and specifically sought to be avoided, «through sufficiently precise obligations which objects, the prestations to execute, are determinate or determinable»; (b) «when the obligations, if properly expressed and the corresponding prestations, if properly executed, would have succeeded in doing so&raqwhen the obligations, if properly expressed and the corresponding prestations, if properly executed, would have succeeded in doing so».

Some segments of the legal market may be significantly disrupted, but then entire new markets for legal services will emerge — for example, what is the recourse when a smart contract self - executes in a way that was not the intent of the parties?

A key part of Jill's practice is advising on executive compensation, benefits and contract matters, from structuring the relationship to executing a removal strategy when necessary, and defending or prosecuting resulting claims, including post-termination non-compete and trade secret breaches.

When you give the owner of the establishment your money, you are executing some of your obligations pursuant to a contract you are creating that binds you and the business owner to certain terms - whether you are paying cover to get into a club, or paying for 100 cheeseburgers at McDonald's.

Moreover, much like surrogacy contracts or pre-birth agreements to relinquish a child for adoption, these contracts may be executed at a time when women do not have sufficient information in order to make free and informed decisions regarding the disposition of their embryos.

Some blockchain implementations could enable the coding of contracts that will execute when specified conditions are met.

Smart contracts are IF / WHEN / THEN agreements executed autonomously in timely manner on the Ethereum blockchain in order to exchange money, transfer property between contracted parties, render services for money or any other possible transaction of worth.

Smart contracts» ability to partially or fully self - execute and self - enforce makes third parties unnecessary when completing transactions — and thus provides superior

Transactions between nodes would be settled through smart contracts, or self - executing pieces of code that trigger when certain conditions are met.

The smart contract represents an automated contract that is stored in the blockchain and it executes when given criteria are met.

The platform is designed to write autonomous smart contracts and decentralized apps that are self - executed when certain coded conditions are met.

A smart contract is a computer program that can automatically execute the terms of a contract when certain conditions are met.

The code of a smart contract is only executed when called upon by a transaction or message that is sent to the smart contract.

It was designed to be used for smart contracts that execute when specific requirements are met.

Independence: Each instance of RhoVM executes an independent set of smart contracts on an independent blockchain and networks only when necessary.

Hashed Timelock Contracts (HTLCs), which would allow payments to be routed across untrusted parties, yet only be executed when the recipient provides a unique hash to the sender, need proposed updates such as CHECKLOCKTIMEVERIFY and CHECKSEQUENCEVERIFY.

When you exchange your cryptocurrencies with Kyber Network, the exchange is done via a smart contract and is executed automatically.

However, many see this as a major challenger to bitcoin because the ethereum blockchain on which ether is built can allow for «smart contracts,» essentially computer programs that execute themselves when certain conditions are met.

In particular, KDDI indicated that it plans to test how blockchain - based smart contracts — self - executing pieces of code triggered when certain conditions are met — can be used for facilitating payments between companies.

As shown in the professional operations supervisor cover letter sample, your letter will grab the attention of the hiring manager when you use powerful action verbs such as contracted, administered, executed, motivated, authorized, delegated, established, generated, improved, and streamlined.

When you sell your home the Buyer will complete a home inspection typically anywhere from 3 to 15 days from the day you have an executed Real Estate purchase contract.

Coldwell Banker Village Green Realty v. Pillsworth (32 A.D. 3rd 568 [3rd Dept.]-RRB-- Order of the Supreme Court granting broker's motion for summary judgment affirmed; in the absence of an agreement to the contrary, the broker's right to a commission is not contingent upon performance of the underlying real estate contract, receipt by the seller of the sale price, transfer of title, or even a formal execution of a legally enforceable sales contract; seller could not utilize the provisions of a subsequently executed sales contract wherein seller agreed to pay broker's commission «if and when title closes» as a bootstrap to avoid her obligation to the broker under the clear and unambiguous provisions of the listing agreement as such language was contained in the contract of sale prepared by counsel and to which broker was not a party; provisions in listing agreement that seller would accept a binder or purchase contract contingent upon purchaser's ability to obtain conventional financing and provided any other contingencies in the binder or purchase agreement are acceptable to the seller speak only to the type of purchase offer that seller was obligated to accept and does not alter or otherwise qualify broker's right to a commission

A vending machine provides a simple example of a smart contract: it self - executes code to release a particular item (a drink) when a condition (payment) is met.

Without those traditional go - betweens, the way is paved for «smart contracts»: computer code which automatically executes certain actions when particular conditions are met.

«Our Realtors aren't in control of where they are closing or when the contract is executed.

You do this when you have fully executed contract to purchase a home.

Well, once I had the contract executed, I inquired JP Morgan again and this time I got a different answer when they took a closer look.

In the real world, many buyers who are pre-qualified actually begin the loan application process with their lender when they have a fully executed purchase contract.

When making an offer on a house in the Bloomington / Normal and surrounding areas, there are typically 4 things you will need to make a qualified offer: The offer paperwork itself — i.e. the contract or purchase agreement Executed Disclosure Forms — forms that allow the seller to provide you with any information on defects