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$6995
No Add Ons
Built Last
Initial Payment and Liquidated Damages. Buyer shall pay to Spooky Pinball, upon execution of this Contract, an amount equal to One Thousand U.S. Dollars ($1,000.00), One Thousand Five Hundred Dol U.S. dollars ($1,500.00), or Two Thousand U.S. Dollars ($2,000.00) as a first payment towards the pinball machine. In the event Buyer fails to purchase the pinball machine as provided or breaches the Contract in any other manner, in lieu of actual damages for such failures, the Buyer agrees that liquidated damages may be assessed and recovered by Spooky Pinball as against Buyer in the event of failed completion of the purchase of the pinball machine and without Spooky Pinball being required to present evidence of the amount or character of actual damages sustained by reason thereof. It is acknowledged and agreed that the failure by Buyer, as identified in this contract, (the “Buyer”) to complete the purchase of the pinball machine from Spooky Pinball LLC (“Spooky Pinball”) as provided in this contract (the “Contract”) will cause Spooky Pinball to incur economic damages. Therefore, Buyer shall be liable to Spooky Pinball for the payment of liquidated damages in the amount of One Thousand U.S. Dollars (U.S. $1,000.00), One Thousand Five Hundred U.S. Dollars ($1,500.00), or Two Thousand U.S. Dollars ($2,000.00) for the failure of Buyer to complete its purchase of the pinball machine and Buyer shall forfeit its One Thousand U.S. Dollar first payment and such amount shall be paid to Spooky Pinball as liquidated damages and not as a penalty. Such liquidated damages are intended to represent estimated actual damages and are not intended as a penalty, and Buyer shall pay them to Spooky Pinball without limiting Spooky Pinball’s right to terminate this contract for default.
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