IGN:
@SKSoccer
Users Involved in this Contract:
Azumiir
General Purpose of Contract:
To ensure a safe investment using funds provided by Azumiir in a master fund run by @SKSoccer.
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:
Fees (X = Initial Investment):
- Invest all capital to the best of my abilities
- Provide Azumiir his/her money back, along with all profits (except fees, outlined below) as soon as possible upon being contacted
- Fees are taken out of the updated aggregate total of the investment
- The above clause takes place 3 days following the investment, as that is the minimum possible time an investment can be placed through the ECC Stock Trader
- Provide weekly updates regarding the securities of the master fund through private message
- Provide monthly updates regarding the risk management of the master fund through private message
- Provide sufficient in game capital in the event of a default on my own part in order to pay back Azumiir in full (100% of invested capital)
X < $10,000: 10%
$10,001 < X < $50,000: 5%
$50,001 < X< $1,000,000: 2.5%
X > $1,000,001: 1%
The other user(s) involved with this contract must agree to the following terms:
- Pay the agreed upon investment as soon as possible, either through pay sign or direct payment. In this case, the payment will be $10,000.
- Not share with any party the confidential weekly portfolio updates
- Not share with any party the confidential monthly risk management updates
- Not share with any party the confidential welcome letter outlining the private portfolio
- Give 3 days notice for withdrawal of funds, as that is the minimum time for a stock to be held.
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 agree.
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IGN:
Azumiir
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:
I Agree -
idkhowtoplay Custom Forum TitleBuilder ⛰️ Ex-EcoLegend ⚜️⚜️⚜️⚜️ Prestige ⭐ I ⭐ Premium Upgrade
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@idkhowtoplay @Azumiir
Clause added, thanks. -
idkhowtoplay Custom Forum TitleBuilder ⛰️ Ex-EcoLegend ⚜️⚜️⚜️⚜️ Prestige ⭐ I ⭐ Premium Upgrade
The purpose of ECC contracts is to provide evidence should a situation arise when a complaint is needed to be filed. The staff team have discussed this contract and decided that it would not achieve this aim. It would be near impossible for staff to have to interpret and enforce 'to the best of my abilities’ - and if that is not achievable, then the purpose of the contract is defeated. Feel free to continue this arrangement without a contract, although be wary of the fact that any agreement may not be enforceable by staff.
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