[Contract] Long-Term Savings Agreement

Discussion in 'Approved Contracts Archive' started by Chundi_Jr, Apr 9, 2020.

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  1. Chundi_Jr

    Chundi_Jr Ex-Rebecca
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    IGN:
    @Chundi_Jr

    Users Involved in this Contract:
    @Piquno

    Terms of the Contract:
    @Piquno will be entering into a long-term savings agreement with Dr. @Chundi_Jr PhD. The terms of this agreement are listed below.
    • @Piquno agrees to pay @Chundi_Jr a total of $4,000,000 ECD over a 13 week period ending on July 9, 2020.
    • @Piquno agrees that $280,000 of his savings goal will be forfeited to @Chundi_Jr as payment for services in the event that the full amount of $4,000,000 ECD is not received by July 9, 2020 deadline.
    • @Piquno agrees to make payments through the in game /pay command only.
    • @Piquno agrees to make payments in $50,000 ECD minimum increments (with no maximum increment)
    • @Piquno acknowledges and understands that @Chundi_Jr will not, under any circumstance, return any money unless one of the follow conditions is met:
    1. @Piquno has reached payments totalling $2,000,000 ECD, at which time @Chundi_Jr will pay her the total sum of $2,000,000 ECD for a debt repayment.
    2. The July 9, 2020 deadline has been reached and the savings goal has not been met. At this time, @Chundi_Jr will pay back all accumulated funds (less $280,000 ECD which will have been forfeited for services) or the savings agreement will be renegotiated.
    • @Chundi_Jr agrees to keep all of @Piquno's payments in her forum account for the entirety of the savings agreement.
    • @Chundi_Jr agrees to refuse @Piquno if she requests her money back early for any reason other than the repayment of debt discussed above.
    • @Chundi_Jr agrees to pay @Piquno $2,000,000 ECD once he has made payments totalling $2,000,000 ECD.
    • @Chundi_Jr agrees to pay @Piquno the remaining accumulated funds totalling $2,000,000 ECD once she has received the additional $2,000,000 ECD from @Piquno (this will occur after the first portion of the payment has been paid out).
    • In the event that the savings goal is not met within the timeframe, @Chundi_Jr agrees to pay @Piquno all accumulated funds (less $280,000 ECD which will have been forfeited for services) or enter into renegotiations.
    I agree to the terms listed above:
    I agree.
     
  2. Piquno

    Mythic ⚔️ I ⚔️ ECC Sponsor EcoLegend ⛰️⛰️⛰️⛰️ Ex-Tycoon ⚜️⚜️⚜️ Prestige ⭐ I ⭐ Premium Upgrade

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    I Agree
     
  3. neecoalage

    neecoalage Always sleepy.
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    Approved!

    Make sure to take screenshots if needed :)
     
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