[Contract] - Sale of Eff7 - @Alinator13

IGN:
@Imabankthing

Users Involved in this Contract:
@Imabankthing
@Alinator13

General Purpose of Contract:
To ensure the safe sale of an eff7 sale over 6 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 @Imabankthing will give @Alinator13 my eff7 pickaxe, (Eff7 unbreak 3 silk touch 1) with Item ID #IV2WDBF5 within 24 hours of the contract being approved.

I will remain as the owner of the eff7 with item id #IV2WDBF5 until the entire payment plan has been paid off.

I will transfer the ownership of the eff7 pick with item id #IV2WDBF5 to @Alinator13 within 48 hours of the payment plan been paid off

The other user(s) involved with this contract must agree to the following terms:
@Alinator13 will pay $125k upfront within 24 hours of this contract being approved and a further 200k per week for 6 weeks as marked out on the signs located @ /warp colebex. (x-10650, y68, z6538)


@Alinator13 will pay $200k ECD each week for a total of 6 weeks for the dates below:

Week 1 - 200k - 21/11/2016
Week 2 - 200k - 28/11/2016
Week 3 - 200k - 5/12/2016
Week 4 - 200k - 12/12/2016
Week 5 - 200k - 19/12/2016
Week 6 - 200k - 26/12/2016



This is BST

@Alinator13 will not rent, sell, or transfer this pickaxe to anyone at all until the full amount has been paid off

If @Alinator13 loses/breaks the eff7, he will continue to pay off the full payment plan.

If any payments are late, there will be a late sign of 8k per day to be paid off for 3 days until a complaint is filed. After the 3 days, @Alinator13 will have to give the eff7 with item id #IV2WDBF5 back to @Imabankthing without any refunds.

@Alinator13 agrees that if any agreements above have been broken, he will have to return the eff7 with item id #IV2WDBF5 back to @Imabankthing without any refunds.

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