to Secure the Performance of a Contract
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.
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.
Where as the said contract provides that the Obligor will execute a bond in the
sum of Rs... for the proper performance of the said contract.
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
fulfill 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
Witness Whereof the Obligor has put his hand this ... day of ………….., 20__.
and delivered by the
in named Mr.………….