[Contract] Efficiency 7 Sale

IGN:
@Kick_Me_1235

Users Involved in this Contract:
@Kick_Me_1235 @spencer23baller

General Purpose of Contract:
Safe sale of an Efficiency 7 Pickaxe on a payment plan
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:
Withing 12 hours of the approval of this contract, I will give @spencer23baller my Efficiency 7 (With my /own. ID: #I9T3RUHY) I will also set up a sign at 11136/10/-9651 in Legacy World.

The other user(s) involved with this contract must agree to the following terms:
Upon 12 hours of the approval of this contract, @spencer23baller will give @Kick_Me_1235 a downpayment of $125,000. For the next eight weeks, @spencer23baller will pay me $200,000 a week for seven weeks, and on the eighth and final week, he agrees to pay me $75,000. This would total up to $1,600,000 If @spencer23baller fails to miss a weekly payment to @Kick_Me_1235 , @spencer23baller MUST RETURN the Efficiency 7 Pickaxe to @Kick_Me_1235 and the contract will be voided.
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