[Contract] L3 Fishing Rod.

Discussion in 'Approved Contracts Archive' started by RealRichNixon, Oct 29, 2024.

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  1. RealRichNixon

    RealRichNixon Pres. Richard Nixon by day, GameAdmin by night.
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    IGN:
    @RealRichNixon

    Users Involved in this Contract:
    This contract involves @Chador33.

    Terms of the contract:
    1. The purpose of this contract is to facilitate a payment plan of the L3 Magic Rod (#LUTVCQ2P) for $5,000,000.00.

    2. @Chador33 is responsible for paying five payments every week of $1,000,000.00 ECD at /tppos 240 69 -141.

    @RealRichNixon is responsible for giving (via /trade) the tool to @Chador33 upon approval of the contract.

    3. Late fees will follow the following regime: For every 24 hours that a payment is late, @Chador33 is required to pay an additional $100,000.00, up until late fees accrue to $500,000.00. In the event that this occurs, @RealRichNixon may file a complaint via the forums regarding a breach of contract.

    4. Payments will be due every seven days at 11:59 PM EST, and the following plan is to be followed:

    Payment #1 -- $1,000,000.00 -- Sunday, November 3, 2024
    Payment #2 -- $1,000,000.00 -- Sunday, November 10, 2024
    Payment #3 -- $1,000,000.00 -- Sunday, November 17, 2024
    Payment #4 -- $1,000,000.00 -- Sunday, November 24, 2024
    Payment #5 -- $1,000,000.00 -- Sunday, December 1, 2024

    5. @Chador33 is free to make payments before a due date. For example, if @Chador33 has made a $1,000,000.00 payment on November 3, 2024 and would like to pay down another $1,000,000.00, @Chador33 may do so. In this event, @Chador33 will not have to make a payment for the next deadline -- November 10, 2024. They will however be responsible for coming up for another $1,000,000.00 for November 17, 2024.

    6. In regards to ownership, @RealRichNixon will retain ownership of the L3 Magic Rod (#LUTVCQ2P), while @Chador33 pays off the rod. Once all payments have been made, @RealRichNixon is to transfer ownership within a week of the final payment's due date. Should the items not be transferred within such a time window, @Chador33 may file a complaint citing a breach of this contract.

    I (the contract initiator) agree to the terms listed above:
    I, @RealRichNixon, agree to the terms of this contract.
     
    #1 RealRichNixon, Oct 29, 2024
    Last edited: Oct 31, 2024
  2. Chador33

    Chador33 President
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    I agree to the terms of this contract.
     
  3. FuriuosGeorge

    FuriuosGeorge I got answers and am no longer curiuos
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    @RealRichNixon and @Chador33 thank you for filing this contract. After reviewing it is asked that the discrepancy between

    Where it states every 10 days for payment and the following payment schedule showing 7 day spans between payments be explained or corrected in the contract.

    Once this is done and both parties have agreed again the contract will be reviewed once more.

    Thank you again.
    FuriuosGeorge
     
  4. Chador33

    Chador33 President
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    It appears that RealRichNixon has updated the contract to reword it to "every 7 days". I acknowledge the change and agree to it.
     
  5. FuriuosGeorge

    FuriuosGeorge I got answers and am no longer curiuos
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    Contract approved.

    Remember to take screenshots of all transactions!
     
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