ABI Bond (Form of Guarantee)
Publisher one
Genie AISource file
abi_bond_(form_of_guarantee)_template.docxJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🏢 Bond agreementBusiness activity
Form of guaranteeA bond agreement is a contract between a surety and an obligee that establishes the surety's obligations to the obligee. The agreement sets forth the terms and conditions of the surety's guarantee, including the amount of the bond, the premium to be paid, and the length of time the bond will be in effect.
The purpose of this template is to establish the obligations and liabilities of the parties involved in the agreement, which typically include the contractor, the employer, and the ABI. It sets out the terms governing the provision of financial security to the employer by the contractor, ensuring that the project will be completed according to the agreed-upon terms.
This document may cover various important aspects, such as the scope of the bond or guarantee, the conditions triggering its enforcement, the duration of the bond, and the maximum liability of the ABI. It may also include provisions regarding the procedures to be followed in the event of a default or breach, such as the process for making a claim and the timeframe for resolution.
Additionally, the template may address the rights and responsibilities of the parties involved, including the obligations of the employer to pay fees or premiums for the bond, the requirements for the contractor to maintain the bond throughout the project, and any conditions that may render the bond null and void.
Ultimately, this ABI Bond (Form of Guarantee) template under UK law serves as a standardized legal framework for organizing and regulating the financial guarantees necessary for construction and other projects, ensuring that all parties are protected and their obligations clearly defined.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
Video Production Commission Agreement
The template covers essential elements related to video production, such as project scope, timeline, budget, ownership of intellectual property rights, cancellation or termination provisions, and dispute resolution mechanisms. It defines the specific services to be provided by the production company, including pre-production, filming, editing, and delivery.
Additionally, the template may include provisions related to payment terms, confidentiality and non-disclosure agreements, limitations of liability, and indemnification clauses. It also addresses issues surrounding the use of talent, locations, equipment, and third-party services, ensuring compliance with relevant laws and regulations in the UK.
The Video Production Commission Agreement aims to protect the interests of both parties by clearly outlining their respective responsibilities and expectations. By entering into this legally binding contract, the production company and client can establish a solid foundation for their working relationship, mitigating potential disputes and ensuring a smooth and collaborative video production process in accordance with UK law.
Publisher
Genie AIJurisdiction
England and WalesUnderwriting Arrangement Mandate And Commitment Letter
The template typically covers various aspects of the underwriting agreement, including the scope of the underwriter's mandate, the underwriting commitment, and the underwriting fees or compensation to be paid. Additionally, it may address the conditions under which the underwriter is expected to source potential investors, market the securities, and potentially purchase any unsold portion of the securities.
The letter may also detail other significant clauses relevant to the underwriting arrangement, such as termination provisions, representations and warranties, indemnification, confidentiality, dispute resolution mechanisms, and applicable legal jurisdiction.
By providing a standardized framework for underwriting agreements, this legal template ensures clarity, professionalism, and legal compliance for all parties involved, promoting a fair and transparent underwriting process under the UK legal system.
Publisher
Genie AIJurisdiction
England and WalesUX Designer Contract
This UX Designer contract template is designed for a commercial ux design organisation (or an individual ux designer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of ux design and ux-design-related services to be completed by the ux designer on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the ux design firm or individual ux designer on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
