[Contract] Fly on Payment Plan

IGN:
KingCharlie9

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.

 

A moderator can approve this now if you have the time.

 

@spaenjj, you will need to edit the contract to include timeframes for both when you will buy @KingCharlie9 the feature and when @KingCharlie9's payment plan will start.

Please edit the contract to include those changes, and once @KingCharlie9 reagrees, it should be good.

 

IGN:
KingCharlie9

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.

 

@Frostystorm1 re agreed.

 

I agree to the whole trade sign thing, we've been chatting in game @Frostystorm1

 

Few more problems here:

- The late fees need to be stated explicitly as a dollar amount per week and there must be an end date to the late fees as well. The phrase "Late payments will incur a 10% penalty per week" is a bit too vague.
- If you are using trade signs for the payment, you might want to edit that specifically into the original contract.

 

IGN:
KingCharlie9

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.

 

@Frostystorm1 Ive reagreed.

 

Ok, so @spaenjj, you need to provide a clear end to the late fees. They can’t go on forever. I.e: Late fees of 6.5k for up to a week after a payment is due. Or 6.5k is added onto the next week’s payment.

 

@spaenjj just skip the late fee thing, we both know that I'm not gonna scam u.

 

Okay, please fix it then.

 

You can't allow late fees to build up indefinitely, as there would technically be no breach of contract if there was no point where the late fees ended

 

@Frostystorm1 This can be locked now, as @spaenjj has already bought me fly, with an in game agreement instead. However these series of transactions are still taking place. But as I said, this can be locked now.