IGN: @scgenesis
<your in-game name.>
Users Involved in this Contract: @scgenesis @DiamondDesire
<the other user(s) involved with this contract. All users listed must sign.>
General Purpose of Contract: melon sword sale
<general outline of what the contract is for.>
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 @scgenesis agree to:
1) give @DiamondDesire my melon sword with unique ID #IBYL05HA with in 24 hours of this contracts approval.
2) transfer ownership via the /own command to @DiamondDesire with in 24 hours of receiving the entire amount owed to @scgenesis (250k upfront plus weekly payments plus applicable late fees)
3) set up 6 trade signs at x: -12767 y: 63 z:378 each loaded with 150 stone with a price of $1000. each of these 6 signs will be a payment sign for @DiamondDesire weekly payments of 150k. each sign will be labeled with the appropriate week of the payment plan (week 1, week 2 etc). An additional sign will be set up selling 1 stone for $10000 to collect late fees if applicable.
4) @scgenesis must not collect the money from a sign until the full $150k has been deposited for the given week.
<list here terms that you will uphold in this contract.>
The other user(s) involved with this contract must agree to the following terms:
@DiamondDesire agrees to:
1) pay @scgenesis $250k ecd with in 1 hour of this contracts approval.
2) pay @scgenesis $150k ecd every Saturday for 6 weeks, with the first payment being 11/28/15. these payments will be made through the trade signs mentioned in the contract initiators part of the agreement.
3) pay a 10k/day late fee if any one of the 6 weekly payments is late, which will continue through the duration of the 6 week payment plan.
4) return the melon sword to @scgenesis if @DiamondDesire is behind on payments (weekly payments plus late fees) for 2 consecutive weeks.
5) continue with the payment plan if the msword is lost/broken.
6) return the melon sword to @scgenesis if he has not received the total amount owed to him (weekly payments plus applicable late fees) after 1 week of the end of the payment plan.
<list here terms that the other parties will be agreeing to by signing this contract.>
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
<Agreement to these terms, yes or no.>
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DiamondDesire Queen of DiamondsBuilder ⛰️ Ex-EcoLeader ⚜️⚜️⚜️ Premium Upgrade
5) and 6) and maybe 4) are some of the guidelines I think need to be cleared up or taken out.
4) Shouldn't be on, I feel, number 7 kinda backs you up.
5) I should be allowed to pay off the remaining payments in order to cover for a lost or broken melon sword rather than a full 1.5 Million. Also, the fee of 1.5 Million is rather harsh considering that this entire plan equates to 1.15 Million ecd.
6) Fishy needs definition in this clause. By the current wording, it seems like you can just take the sword back at anytime during the payment period. If you could define "fishy" that would clear up a lot of confusion and would ensure fairness within this contract.
If you could make these changes, I would greatly appreciate it. These changes would allow for the equal safety and fairness of both parties in the deal. -
DiamondDesire Queen of DiamondsBuilder ⛰️ Ex-EcoLeader ⚜️⚜️⚜️ Premium Upgrade
IGN:
@DiamondDesire
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 -
Ok, everything looks good, remember to take screenshots by double tapping f2 where appropriate :)
Contract Approved- Thread Locked
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