[Contract] GeorgiaMC - Eff7

IGN:
@Phantomine

Users Involved in this Contract:
@GeorgiaMC

General Purpose of Contract:
Sale of an eff7 pickaxe over 13 weeks.

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 give @GeorgiaMC my efficiency 7 star pickaxe (Eff7, Unb3, Silktouch1 -- ID #IH84T42C -- Named "***STAN_HOOPER***") via a chest located at -8381, 63, -5561 in legacy within 24 hours of approval of this contract.

- I will add @GeorgiaMC to the /own (ership) of the tool upon receiving the full payment of $1,300,000 ECD plus late fees. Thus giving her FULL ownership of the tool and allowing myself to be removed.


The other user(s) involved with this contract must agree to the following terms:
@GeorgiaMC must:

- Pay me $100,000 ECD weekly, for 13 weeks. The first payment starting on the 28th of Novemeber, with the last payment ending 20th February. This is a total of 13 payments of $100,000 (Total $1,300,000)

- Pay the above mentioned payments to the 13 signs marked 1 to 13 located at coords: -8380, 63, -5555 -- Legacy.

- Agree to not sell, rent or give the pickaxe to anyone until all $1,300,000 is paid off and the ownership of the tool belongs to @GeorgiaMC

- Agree that late fees must be paid for that week if the payment is late by 1 day. (Example 29th of November instead of 28th of Novemeber). Late fees are $20,000 for each week.

- Agree that if after 13 weeks the full $1,300,000 (plus late fees) has not been paid then an extension of 2 weeks will be given totaling 15 weeks. @GeorgiaMC must have paid all $1,300,000 ECD plus late fees plus $40,000 (Extra 2 weeks extension fees) by this date. If the full payment has not been received then @Phantomine has the right to reclaim the tool without any refund of payments, although any left-over debt will be cleared in this situation.

- Agree that if the tool is lost, broken, butchered, or otherwise un-obtainable then the debt must still be paid off weekly. And in the above situation where the debt is not paid off after 15 (fifteen) weeks then an alternative must be established where both parties agree.

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, I agree.