ACCEPTANCE

Agreement with a proposed course of action or outcome _

Acceptance is rather self-explanatory. It is a situation, set of terms, definition of conditions or of a result which can be agreed to or not. In other words, acceptance indicates one’s formal confirmation to any requirements, roles, responsibilities and the like. As pertain to collaborations, acceptance declares terms and conditions as being satisfactorily defined or fulfilled. The buyer in an accepted collaboration is therefore subject to and liable for associated costs as may be owed for such private engagement. Acceptance extends to purchaser’s confirmed [and thereby accepted] receipt of goods, service, physical items and any type of sale or paid engagement as may be described within registered documentation.

For example, the Web3 purchaser accepts terms and conditions of their collaboration contract before engagement commences. Once registered, this contract has begun. The purchaser’s acceptance of associated terms, conditions, responsibilities, risks, duties, roles, obligations, costs and the like is understood as being active. Registered participants may subsequently confirm individual acceptance to conduct, roles, responsibilities, changes of descriptions or the like. Following registered collaborative engagement, purchaser [a Purchasing Member], may confirm acceptance of total charges alongside specified payment methodologies, and so on.