[Contract] Loan

Discussion in 'Approved Contracts Archive' started by WreckitRalphed, Jun 19, 2016.

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  1. WreckitRalphed

    WreckitRalphed The Wise Old Man
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    IGN:
    @OhMrsKittyKat

    Users Involved in this Contract:
    @ctop_1013

    General Purpose of Contract:
    Loan

    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 will provide 100k to @ctop_1013 WITHIN 1 HOUR OF THE CONTRACT EVEN THOUGH IM GONNA PAY IT AS SOON AS ITS ACCEPTED as the contract is confirmed.

    The other user(s) involved with this contract must agree to the following terms:
    Pay me 140k EcoDollars within 2 weeks from which the contract is confirmed. If the user does not pay back the loan gross payment increases by 10k per day for 1 week, after this time period the contract will be broken. There will be a sign where @ctop_1013 will put all the money between now and the 14 days from when the contract is confirmed. Trade sign is located at Legacy: -7682 63 -3494 in town: PizzaPlanet

    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 WreckitRalphed, Jun 19, 2016
    Last edited: Jun 19, 2016
  2. ctop_1013

    ctop_1013 Builder
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    @ctop_1013

    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 @ctop_1013 agree to the terms laid above me!
     
    #2 ctop_1013, Jun 19, 2016
    Last edited: Jun 19, 2016
  3. GeorgiaMC

    GeorgiaMC Former Server Admin
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    @OhMrsKittyKat, there are a few things that need to change before we can approve this contract.
    • First off, late fees of 10k per day are too extreme and only 1 week of late fees are enforceable.
    • Also paying within 1 second is not enough time, you will need to change that to something like 1 hour or 24 hours.
    After these changes have been made, @ctop_1013 please re agree to the contract.
     
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  4. ctop_1013

    ctop_1013 Builder
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    IGN:
    @ctop_1013

    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 @ctop_1013 agree to the terms laid above me!
     
  5. ctop_1013

    ctop_1013 Builder
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    IGN:
    @ctop_1013

    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 @ctop_1013 agree to the terms laid above me!
     
  6. GeorgiaMC

    GeorgiaMC Former Server Admin
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    Alright, everything looks good now, make sure to take time stamped screenshots of all transactions by double tapping F2.

    Locked - Contract approved.
     
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