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SDE Form 0438 V1 FORM 3 DEPARTMENT of ENVIRONMENT and NATURAL RESOURCES Minerals & Mining Program Oil & Gas Section 2050 West Main, Suite #1, Rapid City, SD 57702-2493 Telephone: 605-394-2229, FAX:

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What is western surety performance bond?

A western surety performance bond is a type of Surety Bond that guarantees the faithful performance of a contract or obligation according to its terms.

Who is required to file western surety performance bond?

The entity or individual required to file a western surety performance bond depends on the specific contract or obligation. Generally, it is required by contractors, construction companies, and individuals involved in certain business agreements or projects.

How to fill out western surety performance bond?

To fill out a western surety performance bond, you need to provide specific information such as the project details, contract terms, financial information, and indemnification provisions. It is advisable to consult with a professional surety bond provider or legal expert to ensure accurate completion.

What is the purpose of western surety performance bond?

The purpose of a western surety performance bond is to protect the project owner or obligee against financial loss in case the bonded principal fails to fulfill the contractual obligations or defaults on the agreed terms.

What information must be reported on western surety performance bond?

The information typically reported on a western surety performance bond includes the names and addresses of the principal, obligee, and surety, project description, contract terms, bond amount, effective dates, and any additional terms or requirements.

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