BONDS


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 BONDS

Simple Money Bond

 

I, X, son of __________ resident of _______________ confirm that I am indebted to Y son of __________ resident of __________________ to the extent of Rs. _________ ( Rupees __________________________ ) on account of the price of __________________ purchased by me from the said Y and I hereby agree and covenant to pay the said sum on demand of Rs. ________________ with interest at the rate of ____ percent per annum to Y.

Date: ____________

WITNESSES

1.

2.

Signature


Bond To Secure The Performance Of A Contract

BY THIS BOND I Mr. A residing at ………………….. the Obligor acknowledge to be bound to pay to Mr. B the Obligee the sum of Rs… on demand by the said Obligee.

WHEREAS by a Contract entered into between the Obligee and the Obligor, the Obligee has appointed the Obligor as a contractor to construct a building on the plot of land of Obligee situated at … in terms of the said contract.

AND WHEREAS the said contract provides that the Obligor will execute a bond in the sum of Rs… for the proper performance of the said contract.

NOW THE CONDITION of this Bond is that If the Obligor contractor or his legal representatives or permitted assigns shall and will and truly, perform and fulfil and keep all and every covenant, clause, provision, term or condition in the said contract and on the part of the Obligor (Contractor) to be observed and performed according to the true purport and intent or meaning thereof, then this Bond shall be treated as void but otherwise it shall remain in full force and effect.

IN WITNESS WHEREOF the Obligor has put his hand this … day of ………….., 2000.

Signed and delivered by the

withinnamed Mr.………….

———————————————————————————————————

    Bond Given To An Employer For The Faithful Discharge Of Duties By An Employee

KNOW ALL MEN BY THESE PRESENTS that we, AB, son of…………….(hereinafter called the employee) and CD son of………of……..(hereinafter called the surety) are bound to Messes………..(hereinafter called the employers), in the sum of Rs………to be paid to the said employers, or their representatives, or assigns, for which payment we bind ourselves, and each of us, or and each of our heirs, executors and administrators, and severally, by these present.

Dated this………..day of………..2000.

(Signed) AB, in the presence of ………..s/o……….of…………

(Signed) CD, in the presence of………….s/o………..of…………..

WHEREAS the above named employers have agreed to take the above bounden employees into their service as an accountant in consideration of the said employee and the said surety entering into a bond in the sum of Rs……….hereinbefore mentioned and subject to such terms and conditions as are hereinafter mentioned, for the due and faithful discharge of his duties as an accountant by the said employee.

Now the condition of the above written bond is such, that if the said AB shall duly and faithfully discharge his said duties, or the said employee and the said surety shall at all times hereinafter keep the said employers or their assigns indemnified against all such losses, expenses and damages as the said employers or their assigns may incur by virtue of their having taken the said employee into their service, or as may result from, or be due to any act of mismanagement, neglect, default or embezzlement of or by the said employee, during the period of his employment or otherwise, then, the above written bond shall be void, otherwise the same shall remain in full force.

(Sd.) AB in the presence of ……….s/o………..of……….

(Sd.) CD in the presence of………s/o…………..of……….

 


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