[Contract] $235,000 Investment

Discussion in 'Approved Contracts Archive' started by Obblebobble, Dec 21, 2015.

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  1. Obblebobble

    Obblebobble Vault of ECC - Founder
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    IGN:
    @obblebobble

    Users Involved in this Contract:
    @ldw116

    General Purpose of Contract:
    Investing $235,000 into the Vault of ECC (@ldw116 investing with @obblebobble)

    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 agree to the following terms:
    - Agree to pay out 40% of all profit generated with the invested money. This will mainly be sourced from interest rates. @ldw116 will have this profit noted down and can be withdraw at any time, with a 24 hour grace period.
    - Agree to have the full deposit/investment amount available within 7 days after a withdraw is requested AND after the 2 month locked period IF no loans are currently active and using this money.
    - Agree to inform @ldw116 of all payments made with the money and be 100% truthful to the best of my knowledge about what I am doing with it, and how much profit I make so I can give @ldw116 a fair 40% portion. This will be done via both a forum PM and a Google Sheets spreadsheet, occasionally updates will be posted on the Vault of ECC forum thread.
    - Agree that in the case of me being scammed out of the investment that I will still return 100% of the deposit out of my own funding. This gives @ldw116 essentially a risk-free investment.


    The other user(s) involved with this contract must agree to the following terms:
    @ldw116 agrees to the following terms:
    - He must send a total of $235,000 ECD to @obblebobble within 24 hours of this contract being approved.
    - Agrees to not file a complaint or request the initial deposit back for a total of 2 (two) months, making the funds 'unlock" on the 23rd of February 2016.
    - Agrees that if he is inactive for more than 2 months at a time then the funds will be forfeited to @obblebobble along with any unpaid interest.
    - Agrees that @ldw116 is not guaranteed to make a profit on the deposit
    - Agrees to allow a 7 day grace period upon requesting the funds to be withdrawn (after the unlock date). This allows @obblebobble to gather the full deposit amount and interest. Assuming no loans are currently active with the money.
    - Agrees that @ldw116 will only receive interest on loans that his money actively contributes towards. Loans sourced via other funding methods will not count towards his ROI (return on investment).


    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, @obblebobble agree.
     
    #1 Obblebobble, Dec 21, 2015
    Last edited: Dec 22, 2015
  2. ldw116

    ldw116 Builder
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    @ldw116
    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:
    <Agreement to the terms laid out in the contract post, yes or no.>
    yes
     
  3. DiamondDesire

    DiamondDesire Queen of Diamonds
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    @obblebobble you have mistyped one of these tags, please fix this:

    how much profit I make so I can give @ldw1 a fair 40% portion. This will be done via both a forum PM

    Once this has been changed please re-agree @ldw116
     
  4. Obblebobble

    Obblebobble Vault of ECC - Founder
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    Sorry. Fixed this up.


    @ldw116 You'll have to re-sign due to recent changes :)
     
  5. ldw116

    ldw116 Builder
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    IGN:
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    @ldw116
    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:
    <Agreement to the terms laid out in the contract post, yes or no.>
    yes
     
  6. ldw116

    ldw116 Builder
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  7. DiamondDesire

    DiamondDesire Queen of Diamonds
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    Contract approved - remember to take timed screenshots - double tap f2
     
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