What is another name for the clause?
What is another name for the clause?
In this page you can discover 44 synonyms, antonyms, idiomatic expressions, and related words for clause, like: condition, dependent, conclusion, article, clauses, phrase, stipulation, term, dependent-clause, independent-clause and paragraph.
What is another word for agreement or contract?
What is another word for agreement?
| contract | bargain |
|---|---|
| settlement | covenant |
| pact | treaty |
| understanding | bond |
| accord | arrangement |
What is another name for contract bonds?
A performance bond is issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract. It is also referred to as a contract bond.
What is contract surety?
Contract surety bonds are used primarily in the construction industry. These bonds protect the owner (obligee) from financial loss in the event that the contractor (principal) fails to fulfil the terms and conditions of their contract.
Which is the best synonym for the word surety?
bond, contract, covenant, deal, guarantee, guaranty, warranty. 2 a person who takes the responsibility for some other person or thing. a mutual friend agreed to act as surety if I lent my cousin some money, since I wasn’t certain that she’d be able to pay it back.
Who is a guarantor in a deed of suretyship?
The liability of THE SURETY in terms of this suretyship is not subject to any other person (whether named herein or not). THE SURETY binds himself as surety or guarantor in favour of THE CREDITOR on behalf of THE DEBTOR and the omission of any other person to sign this document shall in no way avail THE SURETY. 8.
Can a suretyship be changed by a creditor?
No variation of this surety shall be of any force or effect unless reduced to writing and signed by THE CREDITOR and THE SURETY. THE SURETY shall remain bound by this suretyship until such time as THE CREDITOR has, in writing signed by THE CREDITOR, and released THE SURETY.
How does a surety bind a debtor to a contract?
THE DEBTOR as follows:- 1. THE SURETY hereby binds himself in favour of THE CREDITOR as surety for and co-principal debtor with THE DEBTOR for the due performance by THE DEBTOR of all of THE DEBTOR’S obligations in terms of any existing or future contract(s) between THE CREDITOR and THE DEBTOR (“the contracts”). 2.
