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Generally enforcement has really high legal costs. My partners small business was ripped of by about $10k in product by a Canadian company. There is basically
by aey 7y ago
Generally enforcement has really high legal costs. My partners small business was ripped of by about $10k in product by a Canadian company. There is basically no recourse that wouldn’t cost more.
If a “60 day net” contract could be encoded on chain, and automatically execute as the products are sold, that would have reduced the risks and enforcement costs.
- around_here 7y agoDispute resolution will still be just as difficult.
- aey 7y agoSure, but if the manufacturers net their share as soon as the item is sold at a store, we reduce the opportunity for fraud. This won’t work for everything, but it could work well for high mark up items that rely on brand authenticity or warranties.