Loan Contract

IGN:
Revanrose6

Users Involved in this Contract:
DiamondDesire

General Purpose of Contract:
To give a loan safely

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, Revanrose6, will provide DiamondDesire with a 75k loan to be repayed 85k at 1pm PST on August 12th.


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

DiamondDesire agrees to repay the 75k loan with 85k in 10 days. In the event the money is not ready on the 12th then DiamondDesire has 2 additional days to produce the money. In the event these two days are needed, each day used adds an additional 3k onto the loan. This means if the loan is repaid on August 13th the amount is 88k. If the loan is repaid on August 14th it is 91k. After the 14th if the loan is not repaid then DiamondDesire is in breach of contract and will suffer the consequences of that.

In the event DiamondDesire is banned for breach of contract and appeals, the amount owed is 91k.


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

 

DiamondDesire

Use this format:


IGN:

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: