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Publications and Procurement Documents > Acquisitions Forms > Performance Bond
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Know all men by these presents, that (insert principal name)
as Principal, hereinafter called the Principal, and
(insert surety name)
as Surety, hereinafter called the Surety, are, subject to the conditions hereinafter contained, held and firmly bound unto Her Majesty the Queen in right of Canada as Obligee, hereinafter called the Crown, in the amount of
(insert amount in text)
(insert amount) ($), lawful money of Canada, for the payment of which sum, well and truly to be made, the Principal and the Surety bind themselves,
their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
Signed and sealed this
(insert day signed)
(insert month signed) ,
(insert year signed) .
Whereas, the Principal has entered into a Contract with the Crown, dated the
(insert day submitted for the written tender to the Crown)
(insert month submitted for the written tender to the Crown) ,
insert year submitted for the written tender to the Crown) , for
(insert amount in text for the written tender to the Crown)
which Contract is by reference made a part hereof, and is hereinafter referred to as the Contract.
Now, therefore, the conditions of this obligation are such that if the Principal shall well and faithfully observe and perform all the obligations on the part of the Principal to be observed and performed in connection with the Contract, then this obligation shall be void, otherwise it shall remain in full force and effect, subject, however, to the following conditions:
In testimony whereof, the Principal has hereto set its hand and affixed its seal, and the Surety has caused these presents to be sealed with its corporate seal duly attested by the signature of its authorized signing authority, the day and year first above written.
Signed, sealed and delivered in the presence of:
Note: Affix Corporate seal if applicable.