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ND TYPE OF ORGANIZATION (Check One) PRINCIPAL(S) (Legal NAME and Business Address) INDIVIDUAL PARTNERSHIP JOINT VENTURE CORPORATION UNINCORPORATED BUSINESS STATE OF INCORPORATION BOND NUMBER STATE AUTHORIZED FOR SURETY BUSINESS SUM OF BOND SURETY(IES) NAME(S) AND BUSINESS ADDRESS THOUSAND(S) MILLION(S) CONTRACT DATE HUNDRED(S) CENT(S) CONTRACT NUMBER It is mutually agreed that the effective date of this bond shall be to IN WITNESS WHEREOF the above bounded parties have execut.

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Examples of Surety Bonds Includes bid or proposal bonds, performance bonds, payment or labor and material bonds, maintenance bonds and supply bonds. These bonds are required by state or federal law for most public construction projects or by a private developer.

How to Get a Surety Bond Find the bond requirements in your state for your specific business or industry. Confirm the bond coverage amount needed. Contact a surety company that's licensed to sell bonds in your state. Provide the business details and financial information needed for your quote. Receive your bond quote.

A surety bond must contain the following: Name of the principal, surety and the obligee. Address of principal, surety and the obligee. The amount being lent/borrowed. The purpose for which the amount is being borrowed. The time period for which the amount is being lent. The interest to be levied on the amount.

A surety bond is not a typical insurance policy. While the Surety backs the performance of the principal and will pay the penalties resulting from non-performance or under-performance, they do seek to reclaim the funds from the principal. A Surety bond helps make the deal happen.

How do you get bonded in Florida? Surety bonds are obtained from your local insurance company or a licensed surety bond company. The most popular option is to go with the expertise of an established and competitively priced broker because they know what options will work best for each individual's unique needs.

To fill it out correctly, though, you need to understand what's being asked. Name of the principal and surety. ... Amount of the bond. ... Statute or legal requirement. ... Cancellation clause. ... Aggregate liability clause. ... Bond number and effective date. ... Signatures. ... Some bonds can be issued immediately.

Any adult working/business person can stand for surety. Depending upon the Judge/Magistrate, the documents required will be Ration Card, Aadhaar Card, Voter Id or Passport. Some Judges may insist on original RC Book of vehicle or property documents to be shown.

Florida Contractor License Bond Requirements The required amounts for the different Florida contractor license type are the following: Division I license - $20,000. Division II license - $10,000. Division II license after completing a board-approved financial responsibility course - $10,000.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232