[Contract] Loan

Discussion in 'Approved Contracts Archive' started by Ilikepiehaha, Nov 28, 2014.

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  1. Ilikepiehaha

    Ilikepiehaha Builder
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    IGN:
    @Ilikepiehaha

    Users Involved in this Contract:
    @Kick_Me_1235
    General Purpose of Contract:
    Loan

    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 agree to provide @Kick_Me_1235 300k, for a 550k pay back in 3 weeks.

    The other user(s) involved with this contract must agree to the following terms:
    @Kick_Me_1235 will agree to pay me 550k back 3 weeks after I pay him 300k.

    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.
     
  2. Kick_Me_1235

    Kick_Me_1235 Retired Mod
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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. vwman67

    vwman67 President
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    @Ilikepiehaha can you edit yo specify when you will give him the money?
    @Kick_Me_1235 after it has been edited you will need to re-agree making sure to forum tag yourself
     
  4. Ilikepiehaha

    Ilikepiehaha Builder
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    i already paid him because he agreed, i have screenshots if you would like them. @vwman67
     
  5. Smorezs

    Smorezs Mayor
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    so is this contact still needed then?
     
  6. Ilikepiehaha

    Ilikepiehaha Builder
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    yes because he hasnt payed me back yet @Smorezs
     
  7. Smorezs

    Smorezs Mayor
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    then before it can approved and hold as a contract @Kick_Me_1235 must re-agree making sure to tag himself.
     
  8. Ilikepiehaha

    Ilikepiehaha Builder
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    @Smorezs kick_me_1235 banned. So what your saying is that i just lost 300k, because i didnt specify when i was going to pay him, i have screenshots.
     
  9. AdmiralD

    AdmiralD IsleTradingCo
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    I am not Smorez or even a mod, however, you are able to file a complaint after the date of payback has passed if no payment has been made.
    For future reference, it is always best to wait until the moderators actually approve the contract if you hope to collect legally.
    You may also wish to do some research in the future before agreeing to make any transactions with other players.
    I hope you find success in getting your funds back.
     
    #9 AdmiralD, Dec 6, 2014
    Last edited: Dec 6, 2014
  10. Ilikepiehaha

    Ilikepiehaha Builder
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    ohh okay thank you @AdmiralD
     
  11. Ilikepiehaha

    Ilikepiehaha Builder
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  12. Ilikepiehaha

    Ilikepiehaha Builder
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    @Kick_Me_1235 Will u give me my 550k by the deadline, or add it to your debt list?
     
  13. xHarambae

    xHarambae President
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    You need evidence of him agreeing to a loan & payments. It won't be sufficient with a contract that wasn't agree to.
     
  14. Ilikepiehaha

    Ilikepiehaha Builder
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  15. 7amoodw

    7amoodw Electrical and Electronics Engineer
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  16. Dewsy92

    Dewsy92 Ex-Staff Team Troll
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    Ok, in these circumstances I am going to approve this contract to enable @Ilikepiehaha to use this as evidence of the agreement. My reason for doing this is the original contract hasn't been edited and @Kick_Me_1235 has agreed to it. The issue with it was concerned with the deadline of the payment to kick of 300k, however that is no longer an issue as the payment has been made.

    It wouldn't be just to allow this agreement to fail on technicalities, leaving ilikepiehaha significantly out of pocket, when the intentions of the parties is clear.

    Contract Approved
     
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    #16 Dewsy92, Dec 17, 2014
    Last edited: Dec 17, 2014
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