[Contract] For Safe Sale of a Star Rod

IGN:
@subxplorer

Users Involved in this Contract:
@DrowningInPizza

General Purpose of Contract:
Saftey of selling a Star Rod ID# IX11CZI0 on a payment plan to @DrowningInPizza

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:

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    - I @subxplorer agree to give @DrowningInPizza a Star Rod ID # IX11CZI0 within 24 hours of this contract being approved.
    
    • • 
        - I @subxplorer agree to transfer ownership of the Star Rod ID # IX11CZI0 , once the payment plan has finished and been fully paid off, within a 48 hour period.
        
        • • • 
              - I @subxplorer agree not to remove any money from the signs until the full weekly payment has been paid. Signs will be in installments of $10,000, Located at; X: -8016, Y: 67, Z: -3878, in Legacy World.
        
        

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

@DrowningInPizza agrees to pay a total of 900,000 ECD [$500,000 upfront and $400,000 over 4, 100K installments (100k/Week)] to be the official owner (/own) of the Star Rod ID # IX11CZI0 .

@DrowningInPizza agrees to pay the 500K down payment within 24 hours of this contract being approved.

@DrowningInPizza agrees to pay on or before these dates based on Eastern Standard Time:

First week of payment - 12th March 2017- 100k
Second week of payment - 19th March 2017 -100k
Third week of payment - 26th March 2017 - 100k
Fourth week of payment - 2nd April 2017 - 100k

(All payments are due on Sundays.)

The payment plan will end should one of the two following cases come to apply.

1. If a payment is more than 3 days late a forum message will be sent to @DrowningInPizza requesting the return of the Star Rod due to breach of contract. @DrowningInPizza will have to give the Star Rod with item ID # IX11CZI0 back to @subxplorer without any refunds and within 24 hours of receiving the forum message.

2. @DrowningInPizza agrees that if any conditions of this contract are broken, she will have to return the Star Rod with item ID # IX11CZI0 back to @subxplorer without any refunds and within 24 hours of the condition being broken.

3. @DrowningInPizza agrees that if the Star Rod with item ID # IX11CZI0 is broken or lost they are still responsible to pay the complete 900K to @subxplorer.

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 agree

 

@DrowningInPizza I added a third clause just clarifying that if it is lost or broken you are still responsible to pay the 900K. Please reagree. Thanks