Dear All,
I am a subcontractor in need of an Indemnity Bond to be submitted to my principal employer. This bond will state that after the closure of my contract, we assure you that we will submit all statutory compliance and also take responsibility for any dues that may arise in the future related to my contract or any contractual worker working under me.
Rawal
From India
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I am a subcontractor in need of an Indemnity Bond to be submitted to my principal employer. This bond will state that after the closure of my contract, we assure you that we will submit all statutory compliance and also take responsibility for any dues that may arise in the future related to my contract or any contractual worker working under me.
Rawal
From India
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Dear Hemesh Rawal,
You have requested the draft of the letter, which is fine. However, please confirm the type of contract you had. Was it a work contract, a service contract, or a contract to provide labor? Why was the contract closed? Was it due to the completion of the project, or is the project ongoing but the contract period has expired, and the principal employer does not wish to renew it? Did the principal employer issue a purchase order before the execution of the contract?
Drafting the letter requires complete information. Hence, the above queries.
Thanks,
Dinesh Divekar
From India, Bangalore
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8223You have requested the draft of the letter, which is fine. However, please confirm the type of contract you had. Was it a work contract, a service contract, or a contract to provide labor? Why was the contract closed? Was it due to the completion of the project, or is the project ongoing but the contract period has expired, and the principal employer does not wish to renew it? Did the principal employer issue a purchase order before the execution of the contract?
Drafting the letter requires complete information. Hence, the above queries.
Thanks,
Dinesh Divekar
From India, Bangalore
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Indemnity Bond - Format.doc