1. Service
Brik Group provides regulated cryptocurrency escrow coordination for real estate transactions. The service includes: KYC and KYT screening of all transaction parties, custody of the buyer's cryptocurrency during the transaction period, escrow agreement coordination with local legal partners, and fund release upon confirmed closing.
2. Eligibility
Clients must pass Brik's KYC and KYT verification before the service starts. Brik reserves the right to decline any engagement at its discretion, without obligation to provide reasons.
3. Fees
All fees are specified in the service quote issued before the engagement letter is signed. No fees are charged before a quote is accepted. For work already performed, fees are non-refundable upon cancellation. The engagement letter itemizes cost components before you sign.
4. Fund Custody
Cryptocurrency deposited into escrow is held in segregated custody. Neither Brik nor any third party has unilateral access to release funds outside the conditions specified in the signed escrow agreement.
5. Fund Release
Funds are released to the seller only when: (a) all KYC/KYT conditions are satisfied; (b) all parties have signed the required documents; (c) the property transfer has been confirmed by local legal counsel.
6. Cancellation
Either party may cancel before fund deposit without penalty beyond work-in-progress costs stated in the engagement letter. After fund deposit, cancellation is governed by the escrow agreement terms signed by both parties.
7. Limitations
Brik is not a party to the property sale. We do not advise on property value, title quality, or investment suitability. Our liability is limited to the fees paid to Brik for the specific engagement in question.
8. Governing Law
These terms are governed by the laws of Portugal. Disputes are subject to the courts of Lisbon, Portugal.
9. Contact
Questions about these terms: contact@brik-group.com