[Contract] Loan Agreement

Discussion in 'Approved Contracts Archive' started by voltair42, Nov 17, 2014.

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  1. voltair42

    voltair42 Builder
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    IGN:
    @voltair42

    Users Involved in this Contract:
    @jmichael214

    General Purpose of Contract:
    loan of 110k to @jmichael214

    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:
    1: payment of 110k as soon as contract is agreed upon
    2:if payment is late due to @voltair42 's lack of being online an extension will be given until @voltair42 is available


    The other user(s) involved with this contract must agree to the following terms:
    1:re-payment of 140k to @voltair42
    2:re-payment is to be made within 2 months of signing contract
    3: re-payment is to be made in 1k (preferably 10k) intervals only when @voltair42 is aware of payment
    4:if payment is not made in full by the 2 month mark, @jmichael214 will forfeit the town of SouthCaster


    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 voltair42, Nov 17, 2014
    Last edited: Nov 17, 2014
  2. jmichael214

    jmichael214 Back Again, Apparently
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    IGN:
    @jmichael214

    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:
    I agree, with the clarification that if payment is not made in full by the 2 month mark, I will forfeit the town of Southcaster to the ownership of @voltair42, not just forfeit it.
     
  3. voltair42

    voltair42 Builder
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    I agree to the above clarification
     
  4. Exile1999

    Exile1999 Ex-OPBuilder
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    Ok, just one thing. Please state which world the town of SouthCaster is in. Both users will need to reagree. Also, just to get this straight, if @jmichael214 fails to pay back, the town of SouthCaster will be offered in compensation correct? And if this town is not offered, then a complaint will be filed.
     
  5. voltair42

    voltair42 Builder
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    SouthCaster is in Rising, and yes it will be offered as compensation or a complaint will be filed.
     
  6. voltair42

    voltair42 Builder
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    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
     
  7. ThatKidArshi

    ThatKidArshi Builder
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    ^^^ Thats what @jmichael214 is supposed to do. Your suppose to edit the Contract!
     
    #7 ThatKidArshi, Nov 17, 2014
    Last edited: Nov 17, 2014
  8. jmichael214

    jmichael214 Back Again, Apparently
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    IGN:
    @jmichael214

    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:
    I agree to all terms described in all posts on this thread.
     
  9. voltair42

    voltair42 Builder
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  10. Nicit6

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    Approved.
    Please make sure to collect evidence (with timestamps) of all transactions.
     
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