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.
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 (Bid Bond) (B140)
£15.00 Plus VATWho can use this tender bond? A developer, buyer. public authority or other organisation. It is also known as a bid bond. What is this tender bond for? It is for use by a company…
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…
Explanatory Notes
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.