Can be deployed on EVM-compatible blockchains. Creates and manages escrow processes where sellers and buyers of services or goods can confidently conduct transactions. A controlling party can deploy the EscrowManager contract once and then run an escrow service. A single transaction can also be handled by just deploying the Escrow class.

1. Buyer deploys the Escrow contract themselves or calls initiateEscrow(SELLER_ADDRESS) on an EscrowManager. Either way, the agreed amount is sent with this transaction and held by the contract. The contract can be cancelled by calling prematurelyCancel(). Initiating the contract through an EscrowManager returns an id that both parties may use to interact with a single Escrow, or multiple, if they have the ids for them and are authorized to do so.

2. The Seller calls declarePerformedService() once they have performed the service, or shipped/delivered the good and awaits the buyer confirmation. The contract cannot be cancelled after this point, except by the contract owner.

3. Buyer calls declareReceivedService() and funds are transferred to the seller, completing the transaction.