[Contract] Magic Pick

Discussion in 'Approved Contracts Archive' started by Flehx, Jun 19, 2021.

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  1. Flehx

    Mythic ⚔️ I ⚔️ EcoLegend ⛰️⛰️⛰️⛰️ Ex-EcoLegend ⚜️⚜️⚜️⚜️ Prestige ⭐ VI ⭐ Premium Upgrade

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    IGN:

    @Flehx

    Users Involved in this Contract:

    @Flehx @Xphinitry @matrix_rep

    General Purpose of Contract:

    Safe sale of Level 1 Magic Pick (#KKAWNUAS) for $1,000,000 ECD on a payment plan

    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:

    To give @Xphinitry the Level 1 Magic Pick within 24 hours of this contract’s approval.

    To agree that if @Xphinitry misses a payment, the contract will remain valid however, he will incur a $25,000 ECD late fee per week missed, for up to two weeks and I agree that any late fees will be paid on the week following the final payment.

    To give the ‘/own of the Level 1 Magic Pick to @Xphinitry once payments are complete.

    That @Xphinitry remains the holder of the Level 1 Magic Pick until the payment is complete or a breach of contract occurs and the tool is reclaimed.

    To agree that if payments are not complete and a breach of contract occurs, @Flehx reserves the right to reclaim the Level 1 Magic Pick without any refunds for what has been paid towards the ownership of it. To also agree, that if the Level 1 Magic Pick is successfully reclaimed after a breach of contract, @Flehx can not file a user complaint against @Xphinitry for this.

    I agree that if I am ever permabanned while this is still being paid off, I will /own the Level 1 Magic Pick to @Xphinitry once unbanned. The contract will still be valid if I am permabanned as @Xphinitry will still have possession of the Level 1 Magic Pick and will make remaining payments to @matrix_rep through the forum bank.
    ** @Xphinitry will get a moderator to transfer the money to @matrix_rep if they do not have forum premium.

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

    To pay @Flehx $100,000 ECD within 24 hours after this contract's approval.

    To pay $50,000 ECD per week to @Flehx for a total of $1,000,000 ECD (on payment plan) through a chest shop chest located at ‘/warp store’ (X: 10745 Y: 67 Z: 8199) on each Saturday starting on 06/26/2021, after the Level 1 Magic Pick is received. Full amount of $1,000,000 ECD must be paid by 10/23/2021.
    ** @Xphinitry may pay ahead of schedule too.

    For each payment missed a late fee of $25,000 ECD will be added to the total of the Level 1 Magic Pick with a limit of up to $50,000 ECD.

    If more than 2 payments are missed, then @Flehx has the right to reclaim the Level 1 Magic Pick from @Xphinitry with no refund of past payments, if an agreement can not be met.

    Failure to complete payment will result in a breach of contract and @Flehx retains the right to reclaim the Level 1 Magic Pick from @Xphinitry.

    If the Level 1 Magic Pick is lost by any means then @Xphinitry is still responsible for completing the payments regardless.

    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.: I, @Flehx agree.
     
  2. matrix_rep

    matrix_rep Runner Up in BB20
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  3. Xphinitry

    Xphinitry President
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  4. miniCLH

    miniCLH President
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    Contract Approved!

    Make sure to double tap f2 for all relevant information!

    Locked/Moved
     
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