Indeed, and for a higher level answer, see here:

https://en.bitcoin.it/wiki/Contracts


On Fri, Jun 21, 2013 at 6:03 AM, Patrick Strateman <patrick@intersango.com> wrote:
It's well answered by this stack exchange question.

http://bitcoin.stackexchange.com/questions/2025/what-is-txins-sequence


On 06/20/2013 05:54 PM, Marko Otbalkana wrote:
Could anyone tell me what CTxIn::nSequence is meant for?

Best Regards,
-Marko


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