[Contract] Purchase of loan rights - Faze

Discussion in 'Denied Contracts Archive' started by sick24, Mar 7, 2016.

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  1. sick24

    sick24 Tycoon by day, best doctor by night
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    IGN:
    @sick24
    Users Involved in this Contract:
    @Fazeeeeeeeeeeeey

    General Purpose of Contract:
    Transferring ownership of the receival of loan payments to sick24. These screenshots outline the original loan . Suburbsomeone is seen paying the money as he is the middle-man, which is described in the screenshots. @Fazeeeeeeeeeeeey and @iTzXtremeGaming agreed that the loan is due on March 10th, and that deadline will be enforced.

    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:
    Provide @Fazeeeeeeeeeeeey with 325k within 12 hours of this contract’s approval.

    The other user(s) involved with this contract must agree to the following terms:
    Agree that sick24 owns the entirety of the loan they gave to @iTzXtremeGaming. Advise @iTzXtremeGaming (they don’t need to sign the contract since there is no change in their payment plan/schedule) to forward all further payments of the outstanding loan to sick24. Understand that, in their eyes, the loan is paid off and have no ownership of future incoming payments/settlements. Should @iTzXtremeGaming contact them about the loan or attempt to pay them for the loan, @Fazeeeeeeeeeeeey should direct @iTzXtremeGaming to contact sick24 before doing/paying anything.


    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
     
  2. Cavd

    Cavd OG Gambler
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    IGN:
    @Fazeeeeeeeeeeeey
    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:
    I agree
     
  3. KingNdm

    KingNdm ECC Sponsor
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    Yes this contract looks good, except for 1 factor, the bet in the screenshots provided isn't described. I have no clue what payout will be due, as I do not know what bet this pertains too. I will be putting this on hold until that is cleared up.

    @iTzXtremeGaming @Fazeeeeeeeeeeeey

    Is there any confirmation on what bet this agreement pertains too?
     
  4. SuburbSomeone

    SuburbSomeone Shrubby Tycoon
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    Just to confirm, I don't need to sign, right?

    Edit: I don't have any more evidence, apologies.
     
    #4 SuburbSomeone, Mar 7, 2016
    Last edited: Mar 7, 2016
  5. KingNdm

    KingNdm ECC Sponsor
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    No, you are fine
     
  6. SuburbSomeone

    SuburbSomeone Shrubby Tycoon
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  7. sick24

    sick24 Tycoon by day, best doctor by night
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    If both Itz and Faze can agree via a post on this thread that the bet was lost, will that count as sufficient evidence @Ndm57dcraft?
     
  8. KingNdm

    KingNdm ECC Sponsor
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    yes, they will have to come to an agreement on the outcome of the bet, to go further with this contract. The contract will have to be edited and both parties will have to re accept to the terms, tow which payout is going through.
     
    #8 KingNdm, Mar 7, 2016
    Last edited: Mar 7, 2016
  9. iTzXtremeGaming

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    The bet was lost, and I do owe him 400k. Is that enough evidence?
     
  10. KingNdm

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    @sick24 @Fazeeeeeeeeeeeey Guys, I will be locking this contract, as a new contract has to be made, with the new terms of the loan, and involve @iTzXtremeGaming in agreeing to the new terms of the loan; time and money that needs to be paid.

    Locked - Contract Denied
     
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