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"list of conditions for both sides ... predetermined amount of money" - that is what contract is. If they had it - no need for escrow.

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You're assuming that:

1. The contract will be honoured and

2. The cost of litigation is lower than the unpaid $.

well, yes. I am assuming a lawyer call is enough to make 95% of people shut up and pay. at least in western world. So existence of contract reduces your risk 10-20 fold

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