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This document serves as an acknowledgment by a corporate officer or attorney in fact regarding the execution of a surety bond, affirming it as the free act and deed of the corporation.
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How to fill out acknowledgment of corporate surety

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How to fill out ACKNOWLEDGMENT OF CORPORATE SURETY

01
Begin by obtaining the ACKNOWLEDGMENT OF CORPORATE SURETY form from the appropriate source.
02
Fill out the name of the surety company and address in the designated fields.
03
Provide the principal's name and address who is being bonded.
04
Include the amount of the bond that is being secured.
05
Enter the effective date of the bond.
06
If applicable, specify any other relevant details pertaining to the agreement.
07
Ensure the form is signed by an authorized representative of the surety company.
08
Date the form once it has been completed and signed.
09
Make copies of the completed form for your records.

Who needs ACKNOWLEDGMENT OF CORPORATE SURETY?

01
Contractors who need to provide a bond for projects.
02
Businesses bidding on government contracts that require surety bonds.
03
Individuals requiring surety for compliance with legal obligations.
04
Companies needing to reassure clients about financial reliability.
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The Corporate Acknowledgment certificate is used when a duly authorized corporate officer or representative is signing and acknowledging on behalf of a corporation. Such designated officers may include the president, vice president, treasurer, secretary and attorney in fact.
Surety is signed on behalf of a company, usually by a director or shareholder thereof, and in favour of a creditor. This ensures that, if the company does not make good on its contractual duty of payment, that the creditor may approach the surety to demand payment on the company's behalf.
A surety is a promise or agreement made by one party that debts and financial obligations will be paid. In effect, a surety acts as a guarantee that a person or an organization assumes responsibility for fulfilling financial obligations in the event that the debtor defaults and is unable to make payments.
What is an Acknowledgement? An acknowledgement is a formal statement by the grantor that the execution of the instrument was their free act and deed. This statement is essential in verifying the voluntary nature of the signature and ensuring the validity of the document.
A person who agrees to be liable for a present or future obligations of another (the principal) to a third party in addition to the liability of the principal.
Surety Acknowledgment means, collectively, (i) that certain letter of understanding dated as of the date hereof by and between Federal Insurance Company and Administrative Agent, and (ii) that certain letter of understanding dated as of the date hereof by and between American International Companies and Administrative

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ACKNOWLEDGMENT OF CORPORATE SURETY is a formal document that recognizes a corporation's obligation to guarantee the performance of a contract or obligation.
Typically, entities that are required to secure a bond for performance or as part of a contractual agreement must file an ACKNOWLEDGMENT OF CORPORATE SURETY.
To fill out the ACKNOWLEDGMENT OF CORPORATE SURETY, one must provide the name of the principal, the surety company details, the contract involved, and the amount of the bond, along with any required signatures.
The purpose of the ACKNOWLEDGMENT OF CORPORATE SURETY is to legally affirm the surety's commitment to fulfill the obligations of a principal in case of default.
The information required includes the names and addresses of the principal and surety, the type of bond, the amount of the bond, and any relevant contract details.
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