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Scenario 3: Lease Contract

By Craig Wright | 06 Oct 2018 | Bitcoin & Blockchain Tech

In this situation, Bob takes out a lease contract with Eve for a fixed term of three years. The terms of the contract will specify a number of payments (which are detailed within later posts) and are not covered here.

However, the contract has a fixed term with no break clauses.

This has a simple state machine model as shown in the diagram below: