[Contract]

IGN:
snackmac

Users Involved in this Contract:
Craftychips

General Purpose of Contract:
Loan

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 agree to supply CraftyChips with a loan of 30,000 ECD. When the loan is paid back, I will return all collateral items and remove myself as an owner of the town craftyville. Any collateral in my possession will be kept in a chest and will not be used by myself. I will also not change any blocks in the town of craftyville or perform administrative actions as an owner.

The other user(s) involved with this contract must agree to the following terms:
Craftychips must provide an eff 5 unb 3 fortune 3 diamond pickaxe as collateral and add me as an owner of craftyville for the duration of the loan. Under no conditions am I to be removed from being an owner while the loan is in effect. Craftychips will pay 10% compound interest per week. If the loan is not repaid within one month, the loan will be forfeit and ownership of all collateral and the town of craftyville will be transferred to myself to cover my losses. .

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.