DOCUMENT

FORM - Performance Bond 2002

  • YEAR CREATED: 2002
  • ENTITY TYPE: City/Township
  • TYPE OF DOCUMENT: FORM - Form
The document is a performance bond issued by a corporation (referred to as the Principal) and a surety to The City of Frederick, Maryland. The bond is in the amount of a specified sum of money and is intended to ensure that the Principal fulfills all the obligations and undertakings of a contract they have entered into with the city for the construction of a project in Frederick, Maryland. The bond covers the original term of the contract, any extensions, and any modifications that may be made in the future. The Principal is required to indemnify and save harmless the city, their agents, and employees from any costs, expenses, damages, or losses that may arise from any wrongdoing, negligence, or default on the part of the Principal or their agents or employees. The bond also covers any losses to the city from any cause, including alleged patent infringements. The document is signed by the President and Secretary of the Principal and the Attorney-In-Fact of the Surety.
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