Model Form of Bank Guarantee Bond

In consideration of the President of India (hereinafter called ‘the Government’) having agreed to exempt _______________________________ [hereinafter called ‘the said Contractor(s)’] from the demand, under the terms and conditions of an Agreement dated ___________ made between _______________________________________________ and___________________________________for_____________ (hereinafter called ‘the said Agreement’), of security deposit for the due fulfilment by the said Contractor(s) of the terms and conditions contained in the said Agreement, on production of a bank Guarantee for Rs. __________ (Rupees______________________________________ Only)

[See the full post at: Model Form of Bank Guarantee Bond]