This article deals with the risks for companies that are required to provide on-demand bonds in support of contracts in the international market and offers some suggestions on how to mitigate those risks. It is written by ContractStore’s founder, Giles Dixon and Georg Goesswein, a German lawyer.
This document is a free article and there are no explanatory notes to go with it. All ContractStore contracts come with free explanatory notes that you can read before purchase in the Explanatory Notes section.
You may also find these contracts of use:
Arbitration Agreement (B104)
£23.50 Plus VATThis Arbitration Agreement is designed for use where an employer, main contractor and subcontractor agree to refer disputes arising out of a project to the same arbitrator. It is suitable for international or domestic disputes.…
Tender Bond (B140)
£15.00 Plus VATThis tender bond (or bid bond) is for use where a buyer or developer is obtaining tenders for a contract and requires a bond as security against the risk of the successful bidder failing to…
Bidding Agreement/Teaming Agreement (B138)
£29.00 Plus VATThis Bidding Agreement (Teaming Agreement in the USA) sets out the basis upon which two parties will co-operate together to bid for a contract. This five page document contains 10 clauses covering co-operation submission of…