How To Use
This review list is provided to inform you about this document in question and assist you in its preparation. A Fidelity Bond is a straightforward instrument for bonding purposes.
- Make multiple copies. Give one to each signer.
We, ___________________________, as PRINCIPAL, and ______________________________, a surety company authorized to issue these bonds, as SURETY, are held and bound to __________________________ in the sum of $_______ (____________________________________ & _____/100 dollars) and the legal successors of __________________________, for which we bind ourselves and our legal successors. The condition of this bond is that PRINCIPAL is employed by __________________________ as ____________________________ and is required to be bonded.
If PRINCIPAL shall account for all money and property and other items of value coming into PRINCIPAL’s possession or control as a result of employment, then this obligation shall be void, otherwise it shall remain in full force and effect.
This bond shall remain in force until terminated or canceled on ____ days written notice by SURETY by OBLIGEE.