magic rod sale

IGN:
@oPriam

Users Involved in this Contract:
@oPriam, @TankNoodle

General Purpose of Contract:
Safe sale of Magic Rod L1

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:

• To give @TankNoodle the Magic Rod L1 (ID #KJDEN3B8) within 24 hours of this contract’s approval.
• To not attempt to reclaim this tool whilst @TankNoodle is still paying for it, unless a breach of contract occurs.
• To setup a trade chest located at X: -2552 Y: 58 Z: -4067 in Main (rising) selling 1 coal block for 3,000,000 ECD in which @TankNoodle can use to make the agreed 10 payments.
• To agree that if @TankNoodle misses a payment, the contract will remain valid however he will incur a 300,000 ECD late fee per week missed, for up to two weeks and I agree that any late fees will be paid on the week following the final payment.
• To give ‘/own’ership of the Magic Rod L1 (ID #KJDEN3B8) to @TankNoodle once payments are complete.
• To also agree, that if the Magic Rod L1 (ID #KJDEN3B8) is successfully reclaimed after a breach of contract, @oPriam cannot file a user complaint against @TankNoodle for this.

The other user(s) involved with this contract must agree to the following terms:

• To pay 3,000,000 ECD per week for 10 consecutive weeks. on the 10th week totalling to 30,000,000 ECD to the trade chests located at X: -2552 Y: 58 Z: -4067 in Main (rising) on each Wednesday by 11:59 UTC starting from the Wednesday after the Magic Rod L1 (ID #KJDEN3B8) is received.
• For each payment missed a late fee of 300,000 ECD will be added to the total of the Magic Rod L1 (ID #KJDEN3B8) with a limit of up to 600,000 ECD.
• If more than 2 payments are missed, then @oPriam has the right to reclaim the Magic Rod L1 (ID #KJDEN3B8) from @TankNoodle , if an agreement cannot be met.
• Failure to complete payment will also result in a breach of contract and @oPriam retains the right to reclaim the Magic Rod L1 (ID #KJDEN3B8) from @TankNoodle .
• If the Magic Rod L1 (ID #KJDEN3B8) is lost (e.g., lava) or broken then @TankNoodle is still responsible for completing the payments regardless.
• @TankNoodle can not cancel the contract, until at least 10mil has been paid to @oPriam
• If @TankNoodle decides to cancel the contract after paying his first 10mil in payments, he will return the rod to @oPriam, and will receive no refunds on payments.

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.:

I, @oPriam agree.

 

@TankNoodle had to edit the post by combining two of the clauses as they were meant to be 1.

I also had to add another clause reguarding what happens upon you cancelling the contract

Please agree again