[Contract] 110k Loan

Discussion in 'Approved Contracts Archive' started by David_Torento, Jan 10, 2014.

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  1. David_Torento

    David_Torento ECC Sponsor
    ECC Sponsor Builder ⛰️ Ex-EcoLeader ⚜️⚜️⚜️ Premium Upgrade

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    IGN:
    David_Torento
    Users Involved in this Contract:
    General Purpose of Contract:
    The loan of 110k for 140k by January 17th
    I (the contract initiator) agree to the following terms, and agree that my failure to complete such terms will result in a breach of contract, as outlined in Rule 3:
    I will loan Zeek87 110k inorder for him to purchase Donation Features
    The other user(s) involved with this contract must agree to the following terms:
    Zeek87 will pay me 140k back within 1 week from today (January 17th, 2014) by 11:59pm EST
    Zeek87 must also add me to his town Phitropolis and this town will be a co-lateral for the loan.

    If Zeek87 can-not pay me back by the previously mentioned date, he will forfeit his town to me, and will be given 2 additional weeks to pay off the debt (February 5th, 2014)
    If after forfeiting his town to me, if he attempts to reclaim the town (due to him being the original owner) he will owe me an additional sum of 250k by (April 1st, 2014)
    I agree that the terms in this contract are subject to all of EcoCityCraft's rules, including the rules listed specifically in this forum. I understand that the contract may be affected by future changes in EcoCityCraft rules and server updates, and I accept that due to the possibility of such changes, this contract may be at my own risk. I understand that the contents of this contract are subject to staff assessment, review and approval before it is a binding contract under EcoCityCraft rules. I accept that action may not be taken in case of a breach of contract if appropriate and sufficient evidence is not provided of such.:
    I agree
     
    #1 David_Torento, Jan 10, 2014
    Last edited: Jan 10, 2014
  2. Zeek87

    Zeek87 Builder
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    IGN:
    Zeek87

    I, as another party to this contract, agree to the terms laid out for me to uphold, and understand that failure to complete such terms will result in a breach of contract:
    I agree.
     
  3. Crossphyre

    Crossphyre Builder
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    Contract Approved! Make sure to tske screenshots of any transactions.

    Locked - Approved.
     
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