См. также: be valid as a bill of exchange, be of sound mind and memory, be addicted to alcohol, be opposed
Advance payment guarantee. Also called an advance payment bond. A contract under which the issuer undertakes to be responsible for the fulfilment of a contractual obligation owed by one person to another if the first person defaults. [...] For example, a buyer or employer may make down or advance payments to a seller or contractor to provide it with funds to purchase necessary materials or machinery or otherwise prepare itself to perform the contract. The buyer or employer will wish to ensure that if the seller or contractor fails (perhaps because of insolvency) to deliver the goods or perform the services in accordance with the contract then, at the very least, it can recover the payments made to the seller or contractor. The buyer or employer will, therefore, require the seller or contractor to provide an advance payment guarantee or bond for these payments. The guarantee or bond will provide that if the seller or contractor fails to meet its contractual obligations, the issuer will refund the advance payments made by the buyer or employer. (uk.practicallaw.com)
Lessee shall maintain the Premises and the Building in good order excepting normal wear and tear. Lessee shall be responsible for all minor and major repairs, and for correcting and/or removing all structural hazardous items required for the safety of occupancy. (Ground Lease Agreement)
When you as a project manager or contractor want to mark the project or construction contract as successfully completed, you will need to prepare and sign a document named work completion certificate. It allows you to officially certify that a construction contract or project you are responsible for has been accomplished successfully according to the mentioned terms and conditions. Once the work completion certificate is prepared and signed with help of work completion certificate template, you will no longer be responsible for changes or addition in the work, so don’t forget to make one in order to stay away from troubles. (Template Swift)
The department shall be responsible for assessing (i) serious health problems at and in the immediate vicinity of inactive hazardous waste disposal sites and (ii) any health problems deemed by the department to be related to conditions at such sites. (New York Public Health Section 1389-b)
