[Donation Feature Loan]

Discussion in 'Approved Contracts Archive' started by _Royal_Vulpes_, Jan 11, 2020.

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  1. _Royal_Vulpes_

    _Royal_Vulpes_ The Fox Emperor
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    GN:
    @_Royal_Vulpes_

    Users Involved in this Contract:
    @_Royal_Vulpes_, @Ayriia

    General Purpose of Contract:

    The purpose of this contract is for the contract initiator to purchase a donation feature with USD in exchange for ECD from the user involved in the contract as a loan that is to be paid in full.

    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, @_Royal_Vulpes_agree to buy @Ayriia a $60USD Donation Feature within 24 hours of the contract being accepted in exchange for a total of $630,000ECD paid by January 31st, 2020 (11:59 pm est) on a donation feature loan. Failure to purchase the feature asked by @Ayriia will result in a breach in this contract, thus nullifying this agreement and I, @_Royal_Vulpes_, will accept the punishments deemed necessary by the ECC Staff.

    The other user(s) involved with this contract must agree to the following terms:
    @Ayriia will agree to pay @_Royal_Vulpes_ $78,750ECD within 24 hours of this contract being approved and @Ayriia must pay $551,250ECD on a loan that must be paid by January 31st, 2020 (11:59 pm est). @Ayriia must make at least one payment of $183,750 must be made on January 17th, 24th, and 31st by 11:59 pm est on each date at trade chests located at the Austro-Aurora United Bank on the second floor(East building next to /warp Vienna x:68 y:96 z:814). Failure to pay a weekly payment for any of the 3 dates mentioned above, will result in a late fee of $6,000 for each missed payment. Failure to pay the loan by January 31st, 2020 (11:59 pm est), will result in an additional $18,000ECD late fee(fine). If the loan(including any late fee(s)) is not paid by February 2nd, 2020 (12:01 am est), it will result in a complaint of scamming being filed and @Ayriia will be given a punishment deemed necessary by ECC Staff.

    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, I agree to the terms.
     
    #1 _Royal_Vulpes_, Jan 11, 2020
    Last edited: Jan 11, 2020
  2. Remiusu

    Remiusu Builder
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    I agree to these terms.
     
  3. Ayriia

    Ayriia Builder
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    I agree to these terms.
     
  4. Strahinja_

    Strahinja_ Builder
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    I agree to these terms.
     
  5. TM_iBeast

    TM_iBeast Not Staff Member
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    The numbers here look good, but we can't have 3 people bound to 1 debt.

    If you like you can have 1 person come forward and be liable for the whole debt and pay as a group still, or have it explicitly written which payments each person is liable for. (i.e. @Remiusu for the first week, @Ayriia for the second week, and @Strahinja_ for the third week.) That way we have 1 person to punish if necessary.
     
    #5 TM_iBeast, Jan 11, 2020
    Last edited: Jan 11, 2020
  6. Ayriia

    Ayriia Builder
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    I will come forward and take sole responsibility of the debt.
     
  7. _Royal_Vulpes_

    _Royal_Vulpes_ The Fox Emperor
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  8. TM_iBeast

    TM_iBeast Not Staff Member
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    Sounds good! @_Royal_Vulpes_ can you update the contract to reflect this?
     
  9. _Royal_Vulpes_

    _Royal_Vulpes_ The Fox Emperor
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  10. Strahinja_

    Strahinja_ Builder
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  11. Remiusu

    Remiusu Builder
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    I consent to the changes.
     
  12. _Royal_Vulpes_

    _Royal_Vulpes_ The Fox Emperor
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  13. Ayriia

    Ayriia Builder
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    I agree to the changes.
     
  14. TM_iBeast

    TM_iBeast Not Staff Member
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    Contract looks good! Don't forget to take timestamped screenshots of every transaction!

    Contract Approved - Thread Locked
     
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