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  • Consent Of Surety Sample

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CONSENT OF SURETY COMPANY TO PROGRESS PAYMENT ON SUBCONTRACT (WITH CLAIM NOTICE) PROJECT: SUBCONTRACT NO.: TO: Faris Construction Company 2180 El Camino Real Oceanside, CA 92054 SUBCONTRACT DATE:.

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How to fill out the Consent Of Surety Sample online

Filling out the Consent Of Surety Sample form is an essential step in facilitating progress payments on a subcontract. This guide will provide you with clear, step-by-step instructions to complete the form effectively, ensuring that all necessary information is accurately captured.

Follow the steps to complete the Consent Of Surety Sample online

  1. Click the ‘Get Form’ button to obtain the Consent Of Surety Sample and open it for editing.
  2. Fill in the 'Project' field with the name of the relevant project associated with the subcontract.
  3. In the 'Subcontract No.' section, enter the specific subcontract number for reference.
  4. In the 'To' section, accurately fill in the name and address of Faris Construction Company.
  5. Enter the 'Subcontract Date' by providing the month, day, and year when the subcontract was finalized.
  6. In the specified locations, insert the Surety Company’s name and address. Be sure to provide complete and accurate information.
  7. Indicate the subcontractor's name and address in the designated area to clearly define their role in the agreement.
  8. If applicable, provide the 'Bond No.' related to the Surety Company's obligations.
  9. Enter the amount of the progress payment that is being approved for the subcontractor in the designated field.
  10. Acknowledge the receipt of notice from the claimant by including their name and the amount they claim is due from the subcontractor.
  11. Ensure that the 'In Witness Whereof' statement is completed with the date on which the Surety Company is signing the document.
  12. The authorized representative of the Surety Company should sign in the provided space and include an official seal if necessary.
  13. Once all fields are filled accurately, save your changes. You can choose to download the form, print it, or share it as required.

Complete your Consent Of Surety Sample online today to streamline your progress payment process!

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(c) Agencies shall use Standard Form 1414 , Consent of Surety, for all types of contracts.

What is a Surety Agreement? A surety agreement is a contract where the signee accepts responsibility for another individual's contractual obligations, usually the payment of a loan if the principal borrower falls behind or defaults. The person who signs this type of contract is more commonly referred to as a cosigner.

Consent of Surety is basically a confirmation from the bond surety that they support a particular action that could impact the bond, and more importantly, that could impact their liability. The owner, general contractor, or subcontractor may need Consent of Surety before they take certain actions.

A surety bond is a promise to be liable for the debt, default, or failure of another. It is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee).

1. Dismissal of the charges against the defendant. 2. Judgment of acquittal against the defendant.

The surety is discharged by any contract between the creditor and the principal debtor, by which the principal debtor is released, or by any act or omission of the creditor, the legal consequence of which is the discharge of the principal debtor.

The surety agreement should be limited to a stipulated amount and in respect of a stipulated debt. Cancellation of a surety will have to be done in ance with the agreement itself. Usually, once the debtor has fulfilled its duties in terms of the agreement, the surety should be able to cancel the suretyship.

Surety Letter means a letter from a surety company confirming a Respondent Team Member's ability to obtain a performance bond and payment bond in respect of the Project and meeting the requirements of Section 4.11 (Surety Letter).

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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
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
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 WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
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