loan contract

Discussion in 'Approved Contracts Archive' started by EndersXP, Jun 17, 2015.

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  1. EndersXP

    EndersXP President
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    Users Involved in this Contract:
    @rumball123

    General Purpose of Contract:
    I will loan @rumball123$40k after they have received the money in 1 week they will pay me back $50k. If payment is not made on time, every day the payment is missed $500 will be added to total payment. Loan will be payed back in 1 week and late fees end 1 week after due date.

    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:
    After 12 hours of this contract being approved I will give @rumball123$40k.

    The other user(s) involved with this contract must agree to the following terms:
    @rumball123 will agree to pay me back $50k in 1 week(s). Every day the payment is missed $500 will be added to total payment up until 1 week.

    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
     
    #1 EndersXP, Jun 17, 2015
    Last edited: Jun 17, 2015
  2. rumball123

    rumball123 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, I agree to the terms of this contract
     
  3. Im_Dino_Mite

    Im_Dino_Mite Just Some Dude
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    Thanks for making this contract just a few things :)

    1 - Please specify a end date to the late fee, like 500$ per day for up to 1 week.
    2 - Please also specify an end date in the general purpose section of the contract.

    Once changed are made rumall will need to re agree.
     
  4. EndersXP

    EndersXP President
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    Users Involved in this Contract:
    @rumball123

    General Purpose of Contract:
    I will loan @rumball123 $40k after they have received the money in 1 week they will pay me back $50k. If payment is not made on time, every day the payment is missed $500 will be added to total payment. Loan will be payed back in 1 week and late fees end 1 week after due date.

    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:
    After 12 hours of this contract being approved I will give @rumball123$40k.

    The other user(s) involved with this contract must agree to the following terms:
    @rumball123 will agree to pay me back $50k in 1 week(s). Every day the payment is missed $500 will be added to total payment up until 1 week.

    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
     
    #4 EndersXP, Jun 17, 2015
    Last edited: Jun 17, 2015
  5. rumball123

    rumball123 Builder
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    IGN: @rumball123

    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 to the terms of this contract
     
  6. Im_Dino_Mite

    Im_Dino_Mite Just Some Dude
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    Please make the edit to the original post in the thread, aswell as you put bake instead of back in the General purpose of the contract.
     
  7. EndersXP

    EndersXP President
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  8. rumball123

    rumball123 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, I agree to the terms of this contract
     
  9. Im_Dino_Mite

    Im_Dino_Mite Just Some Dude
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    Looking good! Remember to take screenshots of every transaction, double tap F2 for timestamp :)

    Contract Approved
     
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