A working contract between Valinor and CB2Bank has been finished, and is ready for round-table discussions between Valinor and CB2Bank. This contract is posted here for public round table discussions between CB2Bank and Valinor. We request and invite all CB2Bank and Valinor members to review these terms, and either confirm their acceptance of the terms or open discussion on the items that raise concern.
Preamble: We wish to propose a mutual business agreement and limited partnership
agreement between Valinor and CB2BANK. Whereas Valinor is a very powerful clan
holding much in the way of assets, sway, and power in CB2, CB2BANK has the means
to help Valinor become an even better clan and in doing such, Valinor is able to
provide nearly twenty guaranteed clientele to CB2BANK to further their assets
and income.
This Business Agreement is made between the recognized Valinor clans ("Valinor")
and the CB2Bank clan ("CB2Bank") within the context of Carnage Blender ("Game").
Section 1 - Definitions
1.1 Valinor - The current three clans of Valinor consisting of "Brotherhood of
Valinor", "Nomads of Valinor", "Sentinels of Valinor", and any future
Valinor clan recognized as official by the existing Valinor clans.
1.2 CB2Bank - The current economic clan of CB2Bank, and any future clan
recognized as official by the existing CB2Bank.
1.3 Loan - Item(s) or amount of wealth made available to the borrower for
private use, which will be returned or repaid at a specified date.
1.4 Loan Period - Length of time that a loan will exist. At the end of the
Loan Period, the Loan must be returned or repaid. Failure to return or
repay the Loan will be place the loan into Default and result in Loan
Penalties.
1.5 Loan Interest - An amount of item(s) or money that will be added to a Loan
at specified intervals during the Loan Period. Loan Interest is
considered separate from Loan Penalties.
1.6 Loan Penalty - An amount of item(s), money, or services that are applied
to a Loan when it is placed into Default. Loan Penalties are considered
separate from Loan Interest.
1.7 Service Fee - A fee charged for services. This fee is considered separate
from Interest and Penalties.
1.8 Forge/Forging - The act of improving an item via the Forge, accessible via
the Business menu of Carnage Blender.
1.9 Blacksmith - The automatic system of improving an item, accessible via the
Business menu of Carnage Blender.
1.10 Rentals - The automatic system of renting an item, accessible via the
Business menu of Carnage Blender.
1.11 Customer - The member of Valinor requesting a loan or service.
1.12 Bank Agent - A player empowered by CB2Bank to carry out assigned services.
1.13 Liaison - Appointed member of each party (Valinor and CB2Bank) that will
serve as a primary point of contact for that party.
1.14 Guarantor - Player responsible for loan(s) made to other players.
1.15 USD-Ratio - Amount of CB2$ that the specified amount of USD will purchase.
This term will be used for amounts that will grow with inflation. At the
time of this contract, the ratio is 31911.45 CB2$ to 1 USD$.
1.16 Week - Seven (7) day period that begins on Monday.
1.17 Server Time - Time that is displayed on the Community page of the Game.
Currently, that time is set to Eastern Standard Time.
Section 2 - Liaison
2.1 Liaison for Valinor will be BrandonLP.
2.2 Liaison for CB2Bank will be Bubo and Barron.
Section 3 - Non-compete Agreement
3.1 Valinor will agree to not start or fund any bank service(s) other than
CB2Bank without approval from CB2Bank for the life of this contract.
3.2 Valinor will agree to not start or fund any bank services for a period of
thirty (30) days after the end of this contract. This is to protect
confidential information that CB2Bank will be sharing during this
contract.
3.3 Valinor will agree to not attempt to recruit CB2Bank members without
approval from the Leader(s) of CB2Bank. Requests for approval may be
initiated through the Liaisons.
3.4 CB2Bank will agree to not attempt to recruit Valinor members without
approval from the Leader(s) of Valinor. Requests for approval may be
initiated through the Liaisons.
Section 4 - Loans
4.1 Valinor will appoint one or more members as Guarantors of all loans made
to Valinor members. These Guarantor(s) will be responsible for any
outstanding or defaulted loans provided to a Customer, regardless of
current status of Customer.
4.2 Responsibility for repayment of loans, fees, interest, and penalties will
become the responsibility of the Guarantor(s) if the Customer leaves
Valinor, the borrower stops logging into the game, the Customer is banned
or suspended from the game, or if the Customer remains in default for a
period longer than fourteen (14) days.
4.3 CB2Bank pledges to pre-approve all Valinor members that the Valinor
liaison appoints for loan amounts of up to thirty USD-Ratio ($30) for a
period of seven (7) days.
4.4 CB2Bank pledges to approve loan amounts over thirty USD-Ratio ($30)
pending the CB2Bank liaison approval and fund availability for a period of
no more than fourteen (14) days.
4.5 CB2Bank pledges to approve loan periods of more than seven (7) days
pending the CB2Bank liaison approval and fund availability.
4.6 CB2Bank pledges to waive Loan Interest on loans for amounts that are under
ninety USD-Ratio ($90). In place of Loan Interest, a flat Service Fee of
the larger of 7% of total loan amount or twenty thousand (20,000) CB2$
will be assessed.
Section 5 - Secured Loans
5.1 CB2Bank pledges to provide secured loans to all Valinor members with no
Service Fees or Interest.
5.2 Valinor pledges to allow CB2Bank to place the item that is used to secure
a loan into Rentals for the period of the loan, plus the time necessary to
complete the last rental made before the loan period ends.
5.3 CB2Bank pledges to allow Valinor to borrow the item that is used to secure
the loan for the Loan Period, but in this event standard fees and interest
will apply.
Section 6 - Forging
6.1 CB2Bank pledges to provide forging services at a discounted rate to all
members of Valinor.
6.1.1 Melee Weapons will be forged for 60% of Blacksmith fees.
6.1.2 Ranged weapons will be forged for 70% of Blacksmith fees.
6.1.2 Armor will be forged for 65% of Blacksmith fees.
6.2 Discounted forging services may be delayed up to five (5) days in favor of
higher rate forge jobs if the Valinor forge orders total less than
forty-three USD-Ratio ($43) per week.
6.3 Valinor will be responsible for determining the order of work when
multiple members place orders during the same period of time.
Section 7 - Black Market Services
7.1 Due to the limited number of Black Market votes available to CB2Bank, full
rate will be charged for Black Market votes and Black Market auctions.
Section 8 - Item Purchase Services
8.1 CB2Bank pledges to provide discounted Item Purchase Services to acquire
FS/WTB and auction items.
8.1.1 20% down payment will be required at time of order.
8.1.2 The difference between down payment and purchase amount will be
subject to a flat Service Fee of the larger of 7% of total loan amount
or ten thousand (10,000) CB2$ instead of standard Loan Interest.
8.1.3 Customer will allow CB2Bank to place the item into Rentals until the
item is paid in full.
8.1.4 Customer may borrow the item before the loan is paid in full, but in
this event a Service Fee of ten thousand (10,000) CB2$ plus transfer
fee will be applied.
Section 9 - Escrow Services
9.1 Escrow services will be provided to Valinor free of charge.
Section 10 - Casino Services
10.1 Casino services are games of chance. Due to their nature, no special
discounts or bonuses will be provided to Valinor on Casino services.
Section 11 - Agent of the Bank
11.1 Valinor members may request to be named a Bank Agent.
11.1.1 Prospective Bank Agent must be trained and approved by CB2Bank
Liaison.
11.1.2 Bank Agent will be responsible for any funds entrusted to them by
CB2Bank. They will serve as Guarantor for any loans made to
non-Valinor members.
11.2 Bank Agents will be required to provide designated loans to any player
pre-approved by CB2Bank at the time of request, pending fund availability.
11.3 Bank Agents may broker loans in the name of CB2Bank.
11.3.1 Loans provided to Valinor members in accordance with section 4.3
will follow the agreements outlined in section 4.
11.3.2 Loans may be brokered with non-Valinor members.
11.3.2.1 Loan payments will be sent to the CB2Bank Liaison.
11.3.2.2 Bank Agent will earn 33% of interest collected from Loan.
11.3.2.3 CB2Bank will earn 67% of interest collected from Loan.
11.3.3 Loans may not be provided to Valinor members for the express purpose
of repaying another CB2Bank loan without the approval of CB2Bank
liaison.
11.3.4 Any loan brokered by Bank Agents must be immediately reported to
CB2Bank Liaison for proper tracking and reimbursement of funds to
Bank Agent.
Section 12 - Financial Analysis Services
12.1 CB2Bank pledges that Financial Analysis Services such as CB2$ to USD$
Ratio and Item Valuation will be provided without fee.
12.2 Valinor pledges that they will not give, share, or disclose this
information to any non-Valinor player.
12.3 Valinor pledges that they will only sell this information at the current
price charged by CB2Bank.
12.4 Valinor pledges that they will reimburse CB2Bank 80% of fee collected for
sale of this information.
Section 13 - Tattoo Levelling Services
This is a recent addition, and the proposal is still being worked out. Details will be posted ASAP.
Section 14 - Contract Service Fee
14.1 Valinor pledges to provide the larger of either 10% of USD-Ratio or five
thousand (5,000) CB2$ per week per person in Valinor. This fee may not be
larger than fifty thousand (50,000) CB2$ per week per person in Valinor.
14.2 Valinor will be tasked with collecting fees from Valinor members and
sending fees to CB2Bank Liaison.
14.3 Valinor Guarantors will be liable for unpaid fees for the life of this
contract.
14.4 This Service Fee will be due by Noon every Monday per Server Time.
14.5 Service Fee may be pre-paid for any length of time. No discount will be
given for pre-paid fees, but the weekly fee will be locked to the fee at
time of pre-payment for the period of pre-payment.
Section 15 - Disputes
15.1 Disputes, complaints, and disagreements will be lodged with the Liaison's.
15.2 Disputes, complaints, and disagreements must be responded to within 48
hours. These issues may not be pressed or pressured until after 48 hours.
Additional information related to these issues may be provided before 48
hours.
15.3 If an amicable agreement cannot be reached after 96 hours, the issue will
go before the leaders of Valinor and CB2Bank to be resolved in the best
interests of the Agreement and the Clans.
15.4 If the leaders of Valinor and CB2Bank cannot resolve the issue, a willing
Administrator may be requested to arbitrate the dispute.
15.1.1 If an issue progresses to this point, a Contract Amendment may be
requested without regard to the scheduled requests as defined in
Section 16.4.
Section 16 - Contract Amendment
16.1 Over the course of time there will be events that will affect the items
covered by this contract. In order to accommodate these changes, the
Contract will need to be amended.
16.2 Contract Amendments may be requested every 90 days without provocation.
These requests will not be viewed as criticising the Contract, Agreement,
or Parties.
16.3 Contract Amendments may be requested after a Changelog event that modifies
any item covered by this contract. These requests will not be viewed as
criticising the Contract, Agreement, or Parties.
16.4 Contract Amendments may be requested after a Dispute, Complaint, or
Disagreement that requires arbitration by an Administrator.
16.5 Contract Amendments will take the form of Appended Items at the end of the
Contract. Appended Sections will supersede and replace the Contract
Sections that they affect.
Section 17 - Contract Dissolution
17.1 After 180 days, either party can request an end to this Contract. Such
requests will be considered No Fault, and no fee or penalty will be
assessed against either party.
17.2 An end to this Contract may be requested at any time.
17.2.1 The Party requesting the end of Contract will be considered the
Breaking Party. The Breaking Party is not necessarily At Fault for
the reasons leading to the requested end of Contract.
17.2.2 The Breaking Party will be assessed a Contract Break Fee of three
hundred USD-Ratio ($300).
17.3 When an end of Contract is requested and after any fees or penalties are
paid:
17.3.1 Contract Service Fee will be suspended from that date. CB2Bank will
refund any pre-paid Contract Service Fee, pro-rated to end of
Contract, within seven (7) days. This amount may be deducted from
the Contract Break Fee if Valinor is the Breaking Party.
17.3.2 Existing loans, forge orders, and services will conclude under the
terms they were made under.
17.3.3 New loans, forge orders, and services will be made at standard rates
and terms.
17.3.4 Contract will be considered at end at the conclusion of existing
loans, forge orders, and services. For purpose of Section 3.2, this
will be the start of the waiting period.
17.3.5 After payment of fees and penalties, and conclusion of existing
loan, forging, and service contracts, both parties will have no
further outstanding obligation to each other.
