contract

IGN:

@tanapeti


Users Involved in this Contract:

@tanapeti, @Gernen


General Purpose of Contract:

@tanapeti loaning money to @Gernen


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, @tanapeti, agree to pay @Gernen 5000 EcoDollars within a day from the moment this contract is approved.


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

@Gernen must pay back 6000 EcoDollars to @tanapeti in 1 week after the payment is received or earlier. The Final Amount is calculated based on this formula:

Spoiler: Formula

Final Amount=Amount Loaned+Amount Loaned*0.17+Amount Loaned*0.03*Number of Weeks

So, The user pays a base 17% interest rate and a 3% interest rate per week. The base is 1 week, so a 1-6 day loan would still receive an extra 3% added to the 17%.

If @Gernen doesn’t pay back @tanapeti in time, a complaint may be filed by @tanapeti.

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


Please agree using the following format:

Code:

IGN: @gernen

<your in-game name.>


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