Terms of use
Plain-language terms for a product that is itself about clarity.
1. What this service is
SharedContract helps two people record a guarantee agreement: their separate contributions, a maturity period, and the distribution that applies on a mutual, unilateral or emergency exit. It records intent between two parties.
2. What this service is not
SharedContract is not a bank, payment provider, escrow service, or law firm, and nothing here is legal or financial advice. In this demo no money moves and no identity is verified; contributions, maturity and settlements are simulated.
3. Agreements and approval
A version of an agreement has no effect until both parties have approved that same version. Either party may request changes, which creates a new version and leaves the previous one in the history unchanged.
4. One agreement at a time
Each account may hold one open agreement, with exactly one other person. Invitations to someone already in an open agreement are rejected. Closed or settled agreements release both parties.
5. Exits and penalties
Penalties are recorded as distribution rules agreed by both parties in advance, and are applied to the matured, eligible portion of contributions. Immature amounts return to the party who contributed them.
6. Demo data
Sample people and agreements are stored in your browser only. Resetting the demo, or clearing your browser storage, permanently removes them.