GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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15:34 Nov 12, 2023 |
Arabic to English translations [PRO] Law/Patents - Law (general) | |||||||
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| Selected response from: Mowafak Mohamed Egypt Local time: 07:59 | ||||||
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Summary of answers provided | ||||
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4 +1 | Joint payment and performance bond |
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3 +1 | A joint fine and performance guarantee |
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A joint fine and performance guarantee Explanation: - -------------------------------------------------- Note added at 12 دقائق (2023-11-12 15:46:02 GMT) -------------------------------------------------- In short, a "joint fine and performance guarantee" is a collective assurance provided by multiple parties that includes commitments related to fines and meeting performance standards specified in a contract or agreement. |
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Joint payment and performance bond Explanation: كفالة غرم وأداء Payment and performance bond https://justice-academy.com/wp-content/uploads/2020/11/31H.p... A payment and performance bond is a combination instrument. It’s first a payment bond that guarantees that the contractor will pay the labor and material costs they are obliged to pay. But it’s also a performance bond that guarantees satisfactory completion of a project by the contractor. https://www.realestatelegalupdate.com/2017/03/articles/real-... A job requiring a payment and performance bond will usually require a bid bond, to bid the job. https://en.wikipedia.org/wiki/Performance_bond -------------------------------------------------- Note added at 3 hrs (2023-11-12 19:10:43 GMT) -------------------------------------------------- https://www.almaany.com/ar/dict/ar-en/payment-and-performanc... -------------------------------------------------- Note added at 3 hrs (2023-11-12 19:11:05 GMT) -------------------------------------------------- كفيل غارم Payment and performance bondsman https://www.almaany.com/ar/dict/ar-en/payment-and-performanc... |
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