KLEROS Our best legal alloy
All agreements with service providers, transport, construction and many more, which at another time were based on agreements between the parties without a legal endorsement, either for cost, time, paperwork and cumbersome procedures, today we can use the KLEROS system. Bringing a simplified legal backing to the agreement created.
Definitely the time and cost at the level of the legal party in any company leads to a significant loss at the time of not only manage 1 or 2 agreements, usually there are many and a good part with costs that do not cover the mobilization of legal resource, in that moment enters the KLEROS system when dealing with that volume which brings time and money savings to the company, by dedicating the legal department to the cases that really require it, in a few words, it allows the best management of the resource in that area.
Controversies for breach of contractual agreements of small and medium enterprises, which entail a significant expenditure of time and money without the controversy meriting the expense.
With the KLEROS system We see ourselves with a great commercial ally in the legal area, controversies can be solved quickly, eliminating the long procedural lapses and with it the costs that they entail (Documents, Tariffs among others). And in the use of the blockchain as a means of payment for the juries that participated in the decision.
The small business is one of the biggest beneficiaries, because by the type of company that is, you can not allow long lapses in time in legal decisions that entail additional costs that can directly impact your budget. KLEROS with its clear, simple and practical processes of direct decisions to a proposed difference is the guarantee of a very short-term solution, where there is only one win to win.
When disputes multiply exponentially due to the volume of negotiations that must be carried out on a daily basis, it is when corporations need quick and clear decisions, otherwise we have the big tree with many axes that go straight to their bases and can weaken the strongest and return to the key points of KLEROS fair, impartial, practical, fast and economic. Just the remedy to eliminate the possible wear and tear on a corporation.
To maintain the proper functioning of the system when making a decision, take into account the management of incentives to the judges involved, so that in a decision where you have solutions A and B. The judge who makes the decision different to most will lose some chips, where they can be making a hierarchy within the system, as well as depending on poor decision making.
TOY SHOP, requires an extension for your warehouse and hires a company that spends a budget for $ 8,000.00, the company accepts the agreement generating an intelligent contract with KLEROS and proceeds by paying an advance of $ 2,000.00 for the start, after the first valuation by percentage of advance the following payments will be made, the constructor as time gives 4 weeks, when passing the time of 2 weeks the advance is clear that it will not finish in the stipulated time and the constructor stops going. At the end of the time TOY SHOP contact KLEROS sending all the evidence that the agreement was missed and the process begins which would not take more than 3 days. With the options in the previous negotiation, such as return of money, payment of damages for delays caused among others. The assigned judges will vote on who is right and will give their verdict.