Common use of Accounting Model Clause in Contracts

Accounting Model. Payments on any trading site may be realised using post-paid or pre-paid models. The post-paid model requires the provider to place trust in the consumer (buyer) that the payment will be made as agreed after the data is obtained correctly. The pre- provider that the data will be delivered once the payment has been made as agreed. Neither model guarantees both consumer and provider satisfaction, and both bear some risk if the other party breaches the terms of the agreement. There is also a requirement for a TTP to provide both the provider and the consumer with an escrow service.