[Contract]

Discussion in 'Approved Contracts Archive' started by Calevmir, Jan 19, 2014.

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  1. Calevmir

    Calevmir Builder
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    Calevmir.
    Users Involved in this Contract:
    General Purpose of Contract:
    Loan Extension on a previous agreement found here: http://www.ecocitycraft.com/forum/threads/contract.79635/. One month of additional payback time has been added onto Mr_Doom_Bringer's loan deal with me.
    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 will give Mr_Doom_Bringer 145,000 ECD, to be paid back as 392,000 ECD by March 8th, 2014. I also agree that failure to loan the money represents a breach of contract on my part.
    The other user(s) involved with this contract must agree to the following terms:
    Mr_Doom_Bringer must pay back the specified amount by the specified time, or interest that is equal to 6% of the payback total will be added on weekly (It would be 6% of the original payback, being 392,000 ECD, per week. So 23,520 ECD per week).
    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.
     
    #1 Calevmir, Jan 19, 2014
    Last edited: Jan 19, 2014
  2. David_Torento

    David_Torento ECC Sponsor
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    Calevmir Please indicate what the 6% is. (be it 6% of the original debt weekly, or a growing 6% of the previous weeks debt)

    (To make it more clear if there be a need to enforce this contract)
     
  3. Calevmir

    Calevmir Builder
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    It would be 6% of the original payback, being 392,000 ECD, per week. So 23,520 ECD per week.
     
  4. Mr_Doom_Bringer

    Mr_Doom_Bringer Builder
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    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:
    Yes
     
  5. StellarisIgnis

    StellarisIgnis aka HCPillarofFire
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    Contract Approved.
     
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