[Loan Contract] Debt_

Discussion in 'Approved Contracts Archive' started by TJanicki, Nov 19, 2017.

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  1. TJanicki

    TJanicki /warp monaco
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    IGN: TJanicki

    Users Involved in this Contract: @Debt_
    General Purpose of Contract: To provide proof of a loan


    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 will give @Debt_ 1mil ecd within 24 hours that this contract is approved.

    The other user(s) involved with this contract must agree to the following terms:
    • Loan will be officially due 30 days after the contract's approval.
    • @Debt will pay $1,140,000 to a sign at /warp diamondcity [x:-11017 Y:77 Z:-1312] [Legacy]
    • At the end of 30 days after this contract is signed, if the full $1,140,000 not paid, a 10k per day late fee will be assessed up to a max fee of 200k.

    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
     
    #1 TJanicki, Nov 19, 2017
    Last edited: Nov 20, 2017
  2. Debt_

    Debt_ Builder
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    IGN:
    Debt_

    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.
     
  3. Debt_

    Debt_ Builder
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    IGN:
    Debt_

    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.

    (after edit)
     
  4. DrowningInPizza

    DrowningInPizza Always Drowning In Something
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    @TJanicki the part where you say
    is a little bit unclear. Is the money being added to the original agreed amount or the new amount every day after the 5%?
    It might be better/easier to just set this to a fixed amount like 10k/day up to 200k.
     
  5. TJanicki

    TJanicki /warp monaco
    Mythic ⚔️ I ⚔️ EcoLeader ⛰️⛰️⛰️ Ex-EcoLegend ⚜️⚜️⚜️⚜️ Prestige ⭐ III ⭐ Premium Upgrade

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  6. Debt_

    Debt_ Builder
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    IGN:
    Debt_

    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.
     
  7. Frostystorm1

    Frostystorm1 BulletClub ︻╦╤─ | Former Senior Super Moderator
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    Everything looks good! Make sure to take screenshots in-game with timestamps by double tapping f2.

    Locked: Contract Approved
     
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