[Loan Contract]

Discussion in 'Approved Contracts Archive' started by _Royal_Vulpes_, Nov 23, 2018.

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  1. _Royal_Vulpes_

    _Royal_Vulpes_ The Fox Emperor
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    IGN:
    @_Royal_Vulpes_

    Users Involved in this Contract:
    @_Royal_Vulpes_, @FollowerJesus

    General Purpose of Contract:
    The purpose of this contract is to offer money to a player as a loan that is to be paid back in full and with interest and fees(credit risk).

    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 lend @FollowerJesus $100,000ECD as a loan within 24 hours of this contract being accepted. The loan is charged at 15%WPR(weekly percentage rate) and a credit risk fee of 5% of the $100,000ECD. The total amount $135,000ECD will be due by December 9th, 2018(2 weeks, US Time). If I do not meet to the terms of this contract, the contracted will be nulled, and I will accept the punishments deemed necessary by the ECC Staff.

    The other user(s) involved with this contract must agree to the following terms:
    @FollowerJesus requested the approved loan of $100,000ECD from @_Royal_Vulpes_ that will be given within 24 hours of this contract being accepted. The loan is charged at 15%WPR(weekly percentage rate) and a credit risk fee of 5% of the $100,000ECD. The total amount $135,000ECD will be due by December 9th, 2018(2 weeks, US Time). If no payment is received by December 9th, 2018, a late fee of $3,000ECD will be added to the full amount due. If no payment is received(including the late fee) by December 12th, 2018, it will result in a complaint of scamming being filed and @FollowerJesus 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.
     
  2. FollowerJesus

    FollowerJesus FollowerOfChrist
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    FollowerJesus

    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
     
  3. BobbyBlack

    BobbyBlack Community Spokesperson
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