[Contract] Loan

Discussion in 'Approved Contracts Archive' started by luccowarleo, Sep 15, 2016.

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  1. luccowarleo

    luccowarleo Owner of the Bank of Babylon
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    IGN:
    @luccowarleo

    Users Involved in this Contract:
    @SCgenesis

    General Purpose of Contract:
    I will give @SCgenesis a 1 million loan, and @SCgenesis will pay back 1.2 million in 5 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, @luccowarleo agree to send 1,000,000 eco dollar to @SCgenesis within 24 hours after the contract is approved.

    The other user(s) involved with this contract must agree to the following terms:
    @SCgenesis agrees to the following terms:
    @SCgenesis will pay @luccowarleo 1,200,000 eco dollar within 5 weeks after received 1,000,000 from @luccowarleo.
    @SCgenesis agrees to pay @luccowarleo a late fee of $10,000 per day up to $100,000 if @SCgenesis couldn't pay the total amount of $1,200,000 in time.


    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.
     
  2. SCgenesis

    SCgenesis Builder
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    IGN: @SCgenesis
    <your in-game name.>

    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
    <Agreement to the terms laid out in the contract post, yes or no.>
     
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  3. bobman3355

    bobman3355 Mayor
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    Looks good. Contract approved.
     
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