[Sale of Efficiency 7 pick]

IGN:
@David_Torento

Users Involved in this Contract:
@LegoJake62

General Purpose of Contract:
Sale of the Efficiency 7 pickaxe with the (ID #I9AWZE4S)


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 @David_Torento will:
-give @legojake62 the Efficiency 7 pickaxe (ID #I9AWZE4S) within 24 hours of the approval of this contract
-not attempt to reclaim the tool unless this contract is breached
-transfer the /own to @legojake62 upon receiving the final payment.
-Will not reclaim the tool unless the contract is breached. *In the event that the contract is breached, @David_Torento retains the right to reclaim the tool, and void out the rest of the contract, with no refund of payments already made.*



The other user(s) involved with this contract must agree to the following terms:
@legojake62 will:

-Will keep the tool in the double chest (Located at /warp Farming in the room labeled "LegoJake62's Debt Room")

-pay 160k/week for 7 week to signs that will be placed at /warp farming after approval of this contract
-pay 130k on the 8th week to a sign that will be placed at /warp farming after approval of this contract

Schedule:

Spoiler

10/11/15 - 160k
10/18/15 - 160k
10/25/15 - 160k
11/1/15 - 160k
11/8/15 - 160k
11/15/15 - 160k
11/22/15 - 160k
11/29/15 - 130k

*totalling $1,250,000*

-Agrees to pay a 5k/day latefee for each missed payments for up to 7 days totalling 35k (in which a breach of contract will occur, and a complaint will be filed)
-If the contract is breached, @legojake62 will be responsible for paying the late fee (35k) aswell as the missed payments up until the breach of contract.
-Agrees that @David_Torento retains the right to reclaim the tool if the contract is breached.
-If @legojake62 breaks the Efficiency 7 pickaxe (ID #I9AWZE4S), He will still be responsible with paying off the debt as per the schedule above.

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.

 

Please sign with:

IGN:
@legojake62

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