[Loan Contract]

Discussion in 'Approved Contracts Archive' started by _Royal_Vulpes_, Jan 11, 2019.

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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_, @wolfspy7

    General Purpose of Contract:
    The purpose of this contract is for the contract initiator to offer money to the user involved 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 @wolfspy7 $1,000,000ECD as a loan within 24 hours of this contract being accepted. The loan is charged at 9% WPR(weekly percentage rate) and a credit risk fee of 4% of the $1,000,000ECD. The total amount $1,310,000ECD will be due by February 1st, 2019(US Eastern Time). If I do not meet to the terms of this contract, the contracted will be nullified, 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:
    @wolfspy7 requested the approved loan of $1,000,000ECD from @_Royal_Vulpes_ that will be given within 24 hours of this contract being accepted. The loan is charged at 9%WPR(weekly percentage rate) and a credit risk fee of 4% of the $1,000,000ECD. The total amount $1,310,000ECD will be due by February 1st, 2019(US Eastern Time). If no payment is received by date, a late fee of $30,000ECD will be added to the full amount due. If no payment is received(including the late fee) by February 4th, 2019(US Time), it will result in a complaint of scamming being filed and @wolfspy7 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
     
    #1 _Royal_Vulpes_, Jan 11, 2019
    Last edited: Jan 11, 2019
  2. wolfspy7

    wolfspy7 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
     
  3. Jdawger

    Jdawger Goes by Brass Scribe everwhere except MC & ECC
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    @wolfspy7 since there was an edit, I would need you to re-accept, even though it was very minor
     
  4. wolfspy7

    wolfspy7 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:
    Yeah
     
  5. Jdawger

    Jdawger Goes by Brass Scribe everwhere except MC & ECC
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    Thank you for reaccepting. This contract looks good. Remember to take time stamp screenshots of each transaction by hitting F2 twice.

    Contract Approved
     
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