[Contract] 75k Loan to @Schmeelke

Discussion in 'Approved Contracts Archive' started by Whammerist5, Jan 17, 2016.

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  1. Whammerist5

    Whammerist5 ø☗ø Guardian ø☗ø
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    IGN:
    @Whammerist5

    Users Involved in this Contract:
    @Schmeelke

    General Purpose of Contract:
    This contract is for a 75k loan to @Schmeelke.
    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:
    Within 12 hours of this contract being approved, I will pay @Schmeelke $75,000.o0 ECD.
    I will then set up a trade sign where @Schmeelke can pay $90,000.00 ECD in exchange for 1 dirt at /warp babylon. The trade sing will be in Rising, at co-ordinates, -715 65 2073.
    Once I am added to @Schmeelke's town, "kadara", in Legacy, I may not create or destroy any blocks in the town. If I do so, it will be a breach of contract.
    If @Schmeelke pays back the loan within 15 days of the contract being approved, I will remove myself as owner from the town of "kadara" of Legacy.
    The other user(s) involved with this contract must agree to the following terms:
    @Schmeelke, within 12 hours of this contract being approved, will need to add me as owner to his town, "kadara" in Legacy. @Whammerist5 must stay as owner of this town until the loan is paid back.
    @Schmeelke will be be required to pay 90k to @Whammerist5 at the Trade Sign listed above within 15 days of this contract being approved.
    if they fail to pay the 90k on time they have 3 days to remove all owners besides @Whammerist5.
    If @Schmeelke fails to pay off the loan in time he will not be allowed to create/destroy any blocks in the town. If he does this it will result in a breach of contract.

    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.:
    Yes.
     
    #1 Whammerist5, Jan 17, 2016
    Last edited: Jan 17, 2016
  2. Schmeelke

    Schmeelke Builder
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    IGN:

    Schmeelke

    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. zr2002

    zr2002 Nub Moderator
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    Make sure to tag them correctly here
    Here too
    Also here
    And here.

    Please state the coordinates and world name of where this trade sign will be/is. Also please state when you will create the trade sign.

    When will you be added to this town?

    Please also state here when the loan is due.
    This part is a bit confusing. I would change it to if they fail to pay the 90k on time they have 3 days to remove all owners besides you.

    Please state the world that this is in
    Same thing here
    @Schmeelke you will need to re-sign after the changes are made.
     
    #3 zr2002, Jan 17, 2016
    Last edited: Jan 17, 2016
  4. Whammerist5

    Whammerist5 ø☗ø Guardian ø☗ø
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  5. Schmeelke

    Schmeelke Builder
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    IGN:
    Schmeelke

    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
    @Schmeelke
    @Whammerist5
     
    #5 Schmeelke, Jan 17, 2016
    Last edited: Jan 17, 2016
  6. zr2002

    zr2002 Nub Moderator
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    Please tag yourself in this by putting the @ symbol all the way to the left of your name.
     
  7. Whammerist5

    Whammerist5 ø☗ø Guardian ø☗ø
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  8. zr2002

    zr2002 Nub Moderator
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    Sorry, one last thing. This part is a bit confusing. Have it say something like "If schmeelke fails to pay off the loan in time he will not be allowed to create/destroy any blocks in the town. If he does this will result in a breach of contract." @Schmeelke you will need to re-agree again.
     
    #8 zr2002, Jan 17, 2016
    Last edited: Jan 17, 2016
  9. Whammerist5

    Whammerist5 ø☗ø Guardian ø☗ø
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  10. Schmeelke

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    IGN:
    Schmeelke

    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
    @Schmeelke
    @Whammerist5
     
  11. zr2002

    zr2002 Nub Moderator
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    Looks good! Don't forget to take time-stamped screenshots by double tapping f2 when necessary!

    Locked - Contract Approved.
     
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