Sentences with phrase «presumably valid contract»

Not exact matches

Presumably, the requirement for 48 hours notice is contractual: contracts are only valid where they are not in conflict with the law: this is.

So currently, the closest you can get to «automated payments» is to have a smart contract do something on a distributed ledger, which is detected by a separate system (presumably centralised) which then creates a bank payment message or SWIFT message, which is then fed to the relevant system or portal, which will then determine whether it is a valid payment or not, which then creates a debit / credit in the relevant bank ledger.