Is a Solis settlement legally binding?
Solis is designed so that the settlement agreement is a binding contract between the parties, executed by electronic signature. Under U.S. federal law (the ESIGN Act) and state law (UETA), a wallet signature can have the same legal effect as a handwritten one. Whether any particular settlement is enforceable depends on the usual contract requirements and your circumstances — this FAQ is not legal advice.
How do I get a copy of my agreement, and prove it wasn’t altered?
Solis generates the Universal Settlement Agreement (Cover Page plus Standard Terms) and makes it available to the parties, including as an attachment to the invitation emails. Keep your own copy. Each party signs the agreement with its wallet, and the Payor, the Recipient, and the Neutral each hold a copy. That way, a questioned version can be checked against the others, as with any settlement agreement. A hash of the signed agreement is also recorded on-chain (see Section 2).
What does the signature certificate show?
The signed final PDF records the relevant signer roles, decisions, wallet addresses, signing times, and related transaction information for the final outcome. A completed settlement reflects Payor approval and Recipient approval; a Recipient rejection outcome reflects Payor approval and Recipient rejection.
What is public, and what is private?
Public and permanent on-chain: wallet addresses, settlement amounts, timestamps, transactions, and the agreement hash. Off-chain and private: the agreement text, the dispute details, and the parties’ names. Wallet addresses are pseudonymous but can sometimes be correlated with identity through outside information, and the amounts are visible — do not put anything on-chain you are unwilling to have public.
Are there tax consequences? Will I receive a 1099?
Settlements and fees can have tax consequences. Solis does not provide tax advice. Consult your own tax advisor about your situation.