[Contract] Magic Rod Sale

Discussion in 'Approved Contracts Archive' started by BobbyBlack, Sep 24, 2020.

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  1. BobbyBlack

    BobbyBlack Community Spokesperson
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    IGN:
    @BobbyBlack

    Users Involved in this Contract:
    @BobbyBlack @strongpelt @NossaFlossa

    General Purpose of Contract:
    Safe sale of Magic Rod for 60mil on 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 @strongpelt the magic rod (ID #KFH6X7E0) within 24 hours of this contract’s approval.
    • To agree that if @strongpelt misses a payment, the contract will remain valid however, she will incur a 100,000 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 magic rod (ID #KFH6X7E0) to @strongpelt once payments are complete.
    • That @strongpelt remains the holder of the magic rod (ID #KFH6X7E0) 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, @BobbyBlack reserves the right to reclaim the magic rod (ID #KFH6X7E0) without any refunds for what has been paid towards the ownership of it. To also agree, that if the magic rod (ID #KFH6X7E0) is successfully reclaimed after a breach of contract, @BobbyBlack can not file a user complaint against @strongpelt for this.
    • I agree that if I am ever permabanned while this is still being paid off, I will /own the magic rod to @strongpelt once unbanned. The contract will still be valid if I am permabanned as @strongpelt will still have possession of the magic rod.

    The other user(s) involved with this contract must agree to the following terms:
    • To pay 3,000,000 ECD per week to @BobbyBlack Totaling 60,000,000 ECD through forum transfer on each Sunday starting on 9/27/2020, after the magic rod (ID #KFH6X7E0) is received. Full amount of 60,000,000 ECD must be paid by 02/07/2020
    • For each payment missed a late fee of 100,000 ECD will be added to the total of the magic rod (ID #KFH6X7E0) with a limit of up to 200,000 ECD.
    • If more than 2 payments are missed, then @BobbyBlack has the right to reclaim the magic rod (ID #KFH6X7E0) from @strongpelt 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 @BobbyBlack retains the right to reclaim the magic rod (ID #KFH6X7E0) from @BobbyBlack .
    • @strongpelt may cancel the contract at any given time, but must return the magic rod (ID #KFH6X7E0) without refund of ANY payment.
    • If the magic rod (ID #KFH6X7E0) is lost by any means then @strongpelt is still responsible for completing the payments regardless.
    • If @BobbyBlack is permabanned while @strongpelt is paying off the magic rod, @strongpelt will start giving payments through forum transfer to @NossaFlossa until fully paid off. @strongpelt agrees to the contract still being valid if @BobbyBlack is permabanned. @strongpelt agrees that she will still have possession of the magic rod and will get the /own of the tool once @BobbyBlack is unbanned if it is fully paid off.

    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, @BobbyBlack agree.
     
  2. NossaFlossa

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  3. strongpelt

    strongpelt ~*Alaskan Sponsor*~
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    I, Strongpelt, Agree to the following terms listed above.
     
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  4. OniFox_

    OniFox_ Long live Valaria
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    APPROVED don't forget to use f2 and timestamp all relevant transactions.
     
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