Quote from: prof_T on August 15, 2012, 03:23 pm2. The principle loan is 51.64 BTC3. The interest to be paid is 66.64 BTC.Just wanted to point out that you need to re-word, update and sign the re-worded terms of your contract on the following point; the interest to be paid is 15 BTC, on top of the principle of 51.64 BTC, not 66.64 BTC as stated.In addition, the party agreeing to the contract should quote the contract in their reply stating their agreement to the terms, and both parties should ensure that they do not edit those posts; an edit of the original agreement post could very easily bring the terms of the contract into dispute, and would also allow the creditor to edit the quote of the original agreement in order to change the terms; this should result in immediate termination of the contract with the editing offender losing his or her rights and protections afforded to them by the terms of the contract.I have no doubt that Electrofermion would do the honourable thing and not expect 66.64 BTC interest to be paid on a 51.64 BTC loan. However, as you both have publicly stated your agreement to these terms, he / she would be within their rights to do so, demanding that the contract be satisfied and that they receive payment of 118.28 BTC on the due date.Non-payment would put your reputation on the line and, as per article 6 of the terms of your agreement, would allow SR staff to satisfy the debt from your assets: "6. ProfessorTwak agrees to pay in full by due date. If the payment term is not met, professortwak agrees to determination of SR staff, including direct garnishment of the vendor account to ensure payment is guaranteed."Even though this is all being done in good faith, I think it's important to ensure that this is all conducted properly, especially given the not insignificant amounts of Bitcoin in question. It would also be important to ensure that the SR staff agree to act as executors of the contract, should one or both parties decide to break the terms contained therein.- grahamgreene