Loan Contract: JMichael214 to Oxwood2

Discussion in 'Approved Contracts Archive' started by jmichael214, Oct 25, 2014.

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  1. jmichael214

    jmichael214 Back Again, Apparently
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    IGN:
    @jmichael214

    Users Involved in this Contract:
    @jmichael214
    @oxwood2

    General Purpose of Contract:
    A 50,000 ECD loan from @jmichael214 to @oxwood2 with a payback of 75,000 ECD by Monday, November 3rd, 11:59 p.m. Eastern Time

    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 loan @oxwood2 ECD $50,000 on October 25th, 2014, upon approval of this contract by staff

    The other user(s) involved with this contract must agree to the following terms:
    I will take a loan from @jmichael214 for $50,000 , and pay back $75,000 by November 3rd, 2014, 11:59 p.m. Eastern time, with a $5000 a day late fee for a maximum of 3 days after the due date. After the third late day, the grace period will be over, and @jmichael214 will seek to enforce the contract/sanction @oxwood2.

    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.
     
  2. oxwood2

    oxwood2 Builder
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    IGN:
    @oxwood2
    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.
     
  3. JamieSinn

    JamieSinn Retired Lead Administrator/Developer
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    Contract Approved.
    Make sure to take screenshots.
     
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