[Contract] $325,000 Loan

Discussion in 'Approved Contracts Archive' started by Obblebobble, Jan 24, 2016.

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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:
    Loaning $325,000 with $450,000 due in 30 days (24th February 2016 (GMT+10))

    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 pay @ldw116 $325,000 ECD within 24 hours of this contract being approved.

    The other user(s) involved with this contract must agree to the following terms:
    @ldw116 must:
    - Repay the loan of $450,000 on or before the 24th of February 2016 (GMT+10).
    - Pay late fees of $10,000 for every day the payment is late after the 24th of February.
    - Repay the above payments to a sign at /warp kokiri (Down the lift sign) under the sign that has "@ldw116" on it. (-4717, 80, 863 Rising). The top sign is for loan repayments, the bottom sign is for late fees.


    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.
     
  2. ldw116

    ldw116 Builder
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    IGN:
    @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:
    yes

     
  3. FuryFudge

    FuryFudge IDK ask Fury
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    Looks good! Remember to take time-stamped screenshots of any transaction by double tapping f2!
    Locked - Contract Approved
     
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