Maryland Assignment of Bond

State:
Maryland
Control #:
MD-SKU-0051
Format:
PDF
Instant download
This website is not affiliated with any governmental entity
Public form

Description

Assignment of Bond The Maryland Assignment of Bond (also known as an Assignment of Performance Bond) is a legal document which allows a contractor to transfer their bond obligations to another party. The document assigns the rights and responsibilities of the bond from the contractor to a new obliged. This process is often used when a contractor decides to transfer their obligations to a surety company. There are two types of Maryland Assignment of Bond: the Standard Assignment of Bond and the Subcontractor Assignment of Bond. The Standard Assignment of Bond is used when a contractor transfers their bond obligations to a surety company while the Subcontractor Assignment of Bond is used when a contractor transfers their bond obligations to a subcontractor. Both documents must be properly notarized and signed in order for the transfer to be legally binding.

The Maryland Assignment of Bond (also known as an Assignment of Performance Bond) is a legal document which allows a contractor to transfer their bond obligations to another party. The document assigns the rights and responsibilities of the bond from the contractor to a new obliged. This process is often used when a contractor decides to transfer their obligations to a surety company. There are two types of Maryland Assignment of Bond: the Standard Assignment of Bond and the Subcontractor Assignment of Bond. The Standard Assignment of Bond is used when a contractor transfers their bond obligations to a surety company while the Subcontractor Assignment of Bond is used when a contractor transfers their bond obligations to a subcontractor. Both documents must be properly notarized and signed in order for the transfer to be legally binding.

How to fill out Maryland Assignment Of Bond?

US Legal Forms is the most simple and affordable way to find appropriate formal templates. It’s the most extensive online library of business and individual legal paperwork drafted and verified by attorneys. Here, you can find printable and fillable blanks that comply with federal and local laws - just like your Maryland Assignment of Bond.

Obtaining your template takes just a couple of simple steps. Users that already have an account with a valid subscription only need to log in to the web service and download the document on their device. Afterwards, they can find it in their profile in the My Forms tab.

And here’s how you can get a properly drafted Maryland Assignment of Bond if you are using US Legal Forms for the first time:

  1. Look at the form description or preview the document to guarantee you’ve found the one meeting your demands, or locate another one using the search tab above.
  2. Click Buy now when you’re certain about its compatibility with all the requirements, and judge the subscription plan you prefer most.
  3. Create an account with our service, log in, and purchase your subscription using PayPal or you credit card.
  4. Choose the preferred file format for your Maryland Assignment of Bond and download it on your device with the appropriate button.

Once you save a template, you can reaccess it at any time - simply find it in your profile, re-download it for printing and manual completion or import it to an online editor to fill it out and sign more efficiently.

Take advantage of US Legal Forms, your reputable assistant in obtaining the corresponding official paperwork. Give it a try!

Trusted and secure by over 3 million people of the world’s leading companies

Maryland Assignment of Bond