[Contract] DevotedToRaccooy Loan

IGN:
@CrazySwagMaster1

Users Involved in this Contract:
@DevotedtoRaccooy

General Purpose of Contract:
400k loan to be paid back as 500k loans in 5 weekly payments of 100k each.

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:

• create a two trade signs located in legacy: -3545 78 -4597
• use one to sell 5 dirt for 100k each with one trade sign (for repayment of loan) This is the "first mentioned trade sign"
• use the other to sell 20 dirt at 5k each (for each day a payment is late) This is the "second mentioned trade sign"
• not add dirt to first mentioned trade sign/render trade sign inaccessible to @DevotedtoRaccooy
• Pay @DevotedtoRaccooy 400k ecd upon the approval of this contract once we are both online at the same time (within 24 hours).
• The time zone used for this contract is GMT-7 DST will be adjusted when applicable.

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

• Pay @CrazySwagMaster1 100k per week for 5 weeks.
  • These payments are to go through the first mentioned trade sign.
  • They are to be paid on or before the same calender day of the week as @CrazySwagMaster1 's payment of 400k. (weekly)
• Every midnight that passes when a 100k payment is due a 5k late fee will be added.
  • These will be paid through the second mentioned trade sign.
  • These payments will continue until 200k in late fees have been pressed (40 days late).
  • Once 40 days has been reached @CrazySwagMaster1 will issue a complaint at her discretion.
  • Late fees are capped at 200k.

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 do.