Most platforms treat acceptance as the event. You confirm, a screen congratulates you, and you are described from that moment as an owner of something.
Nothing here changes state until cleared funds reach the vehicle. Before settlement you have an obligation and no rights. After it you have both, and the change cannot be reversed by us, by you, or by agreement.
Why the gap is described rather than hidden
Between commitment and settlement there is a window of up to fifteen working days in which a person has promised capital and holds nothing. That window is uncomfortable and it would be easy to paper over by calling them a partner early.
Doing so would make the register wrong. A register that lists people whose money has not arrived is a register that cannot be used to compute a vote or a distribution, which are the two things a register is for.
- CommitAn obligation, and no rights
- Up to 15 working daysCapital promised, nothing held
- Irreversible from hereCleared funds reach the vehicleSettlement
- MemberRights and entitlement begin
Nothing changes state until cleared funds reach the vehicle.
A register that lists people whose money has not arrived is a register that cannot be used to compute a vote or a distribution.
What it means for the screens
The screen after a commitment says Committed. It does not say Member, it does not congratulate, and it states in the same breath that governance rights and entitlement begin later. The screen that does say Member is a different screen, reached at a different time, and reaching it is an event.
Why there is no undo
A reversible commitment is a commitment other partners cannot rely on. If a settled position could be unwound, every quorum would be provisional and every distribution computed on a register that might change behind it.
The cost of that is borne entirely by the person committing, so the deliberation is placed before the act. The commitment control takes three seconds of sustained pressure, and the figure being committed stays on screen throughout.
Measure twice, cut once.