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EXHIBIT I COMPLETION GUARANTY OF PERFORMANCE AND COMPLETION This GUARANTY OF PERFORMANCE AND COMPLETION (Guaranty) is made as of December 18, 2007, by FLOOR CORPORATION, a Delaware corporation (the

How to fill out guaranty of performance and

How to fill out guaranty of performance and?

1. Start by entering the name and contact information of the person providing the guaranty. This includes their full legal name, address, phone number, and email address.
2. Next, provide the name and contact information of the person receiving the guaranty. This can be an individual or a company, so include their full legal name, address, phone number, and email address.
3. Specify the date on which the guaranty of performance is being executed. This is the date on which both parties agree to the terms and conditions of the guaranty.
4. Describe the nature of the performance being guaranteed. Be specific and provide as much detail as possible to avoid any confusion or misunderstandings later on.
5. Outline the specific obligations and responsibilities of the guarantor. This may include ensuring the delivery of goods or services, meeting project milestones, or adhering to contractual agreements.
6. Clearly state the duration or term of the guaranty. Specify whether it is for a specific project, a set period of time, or for the entire duration of a contract.
7. Include any conditions or limitations that may apply to the guaranty. For example, if certain milestones or deliverables need to be met for the guaranty to remain valid.
8. Specify any consequences or remedies in the event of a breach of the guaranty. This may include financial penalties, termination of the contract, or other legal actions.
9. Ensure that both parties sign and date the guaranty of performance. This signifies their agreement to the terms and conditions outlined in the document.

Who needs guaranty of performance and?

1. Businesses: Companies often require a guaranty of performance when entering into contracts with suppliers, contractors, or service providers. This ensures that the agreed-upon performance will be delivered as promised.
2. Project Managers: Individuals managing large-scale projects, such as construction or development projects, may need a guaranty of performance from contractors or subcontractors to ensure timely and satisfactory completion.
3. Lenders: Financial institutions may require a guaranty of performance from borrowers to secure a loan. This provides assurance that the borrower will fulfill their obligations and repay the loan as agreed.
4. Landlords: Landlords may ask tenants to provide a guaranty of performance to ensure the timely payment of rent and adherence to lease terms.
5. Service Providers: Individuals or companies offering professional services, such as consulting or legal services, may need a guaranty of performance from their clients to ensure payment for services rendered.

Remember, it is always recommended to consult with a legal professional or an expert in contract law to ensure that the guaranty of performance is properly filled out and meets the specific legal requirements in your jurisdiction.

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What is guaranty of performance and?

Guaranty of performance is a legal document that ensures the completion of a specific task or project.

Who is required to file guaranty of performance and?

Contractors, vendors, or suppliers may be required to file a guaranty of performance depending on the terms of the agreement.

How to fill out guaranty of performance and?

To fill out a guaranty of performance, one must provide detailed information about the project, terms of the guarantee, and contact details of the guarantor.

What is the purpose of guaranty of performance and?

The purpose of a guaranty of performance is to ensure that a specified task or project will be completed as agreed upon.

What information must be reported on guaranty of performance and?

Information such as project details, terms of the guarantee, contact information of the guarantor, and signatures of all parties involved must be reported on a guaranty of performance.