IGN: <@ed3948> Users Involved in this Contract: <@Itz_TheBlackCat> General Purpose of Contract: <This contract is for a loan of 75,000 with 85,000 due back in four weeks from January 26th 2017> 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: <-75k Loan is being given out to @Itz_TheBlackCat. 85k will be paid back to ed3948 on Febuary 23rd 2017 -The loan will be paid out within 10 minutes of contract approval> The other user(s) involved with this contract must agree to the following terms: < -For each week this payment is late, 5k will be added to the total cost that needs to be paid back to ed3948 -The deadline is febuary 23rd 2017. However 5,000 will be added to the 85k every week for the next 3 weeks. this will cause the amount to be paid back to @ed3948 to total 100k if late > 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 i agree to these terms>
yes, i agree to pay ed3948 85k back 4 weeks from 1/26/2017 for a loan of 75k, and 5k every week i am late.
There are a few things that need to be changed before we can proceed: 1. Please add a timeframe on when you will give the loan to @Itz_TheBlackCat (Ex. "Within 24 hours of this contract being approved"). 2. Please specify an end date for the late fees (We cannot enforce open-ended late fees). 3: You didn't fill out the bottom part where you agree to the contract. 4. @ed3948, please tag yourself at least once in the contract. @Itz_TheBlackCat, once these changes are made, you'll need to agree with the correct format.
IGN: Itz_TheBlackCat 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, i agree
IGN: Itz_TheBlackCat 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, i agree
Everything looks great! Make sure to screenshot every transaction with time-stamps (double tap f2). Contract Approved.
