IGN: @_Royal_Vulpes_ Users Involved in this Contract: @_Royal_Vulpes_, @Guavaman36 General Purpose of Contract: The purpose of this contract is for the user involved to pay a settlement to the contract initiator as a settlement loan that is to be paid back in full. Settlement from https://ecocitycraft.com/forum/threads/star-tool-payment-plan.180878/ 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 allow @Guavaman36 to settle the Star-Tool Payment Plan (https://ecocitycraft.com/forum/threads/star-tool-payment-plan.180878/) as a settlement loan within 24 hours of this contract being accepted. The total settlement amount of $1,600,000ECDECD will be due by September 18th, 2019(11:59 pm 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: @Guavaman36 must settle the Star-Tool Payment Plan (https://ecocitycraft.com/forum/threads/star-tool-payment-plan.180878/) as a settlement loan from @_Royal_Vulpes_. The total settlement amount of $1,600,000ECD will be due by September 18th, 2019(11:59 pm US Eastern Time). @Guavaman36 must make a payment of $200,000(there are 8 installments in the total of this amount) each week (Dates: July 31st, August 7th, 14th, 21st, 28th, September 4th, 11th, and 18th). Payments must be made at /warp Vienna City Council Chambers at a debt chest with @Guavaman36's name, the debt amount, and due date on there. If any payment is missed weekly, a late fee of $2,400 will be added to each missed payment. If the full payment is not received by the due date, a late fee of $48,000 will be added on. If the full payment is not received(including the late fees) by September 21st, 2019(11:59 pm US Eastern Time), it will result in @Guavaman36 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 of this contract.
IGN: @Guavaman36 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, I agree.
@Guavaman36 Upon further review with some higher-up staff, we want to make sure that you are completely clear on the options here. The First option is to reject this contract. Essentially, we want you to make an informed decision. Through your ban appeal, the terms in which you were unbanned for basically gave you a preset payment plan: So essentially, here it is, all laid out for you by a ServerAdmin, clear, no late fees, clear dates, everything like that. The risk that you run is that you dont necessarily have the cushion of latefees: if youre late and royal reports it, you might get in trouble. However, if you are confident that you can pay off 200k/week without issue, there shouldnt be an issue. The Second option that you have here is to accept this contract. Essentially, its the same payment plan, but it includes late fees, which gives you a cushion of being late, but at an ECD cost rather than a potential 'legal' cost. Im going to make somethings very clear: -Regardless of whichever option you choose, you will still owe royal a base amount of 1,600,000 ECD, due by 9/18/19. Whichever option you choose, the staff team will enforce in a potential complaint that may be filed. -The ONLY difference between the two options is that with agreeing to the contract, you have late fees due if you are late to a payment, and you essentially get 3 extra days that comes with a cost. -This is not meant to say that royal is trying to trick you or whatever. We just want you to know that you to be fully informed that you have 2 options in paying your appeal debt: either the strict amount or the amount + potential late fees. -What it boils down to is this question: do you want to run the risk of potentially paying off extra ecd for a potential cushion of a couple extra days, or can you do 200k/week payments without any additional late fee payments being made? Please consider the two options and which one is better for you. When you have decided on which option you want to do, please respond to this thread and let me know! Thank you.
Thank you @Zedoker for breaking it down as such. I appreciate the elaboration. I have taken steps immediately after being unbanned to liquidate my assets. I already have a week's payment in my forum bank and I'm inching closer and closer towards a second weeks. I feel confident in my ability to make the 200k payments, and compared to my total debt, I consider the late fees negligible. I'm going to maintain my answer. Thanks again.
Make sure to take time stamped screenshots by double tapping F2 of all transactions. Contract approved. Locked.
