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	Legal - Guaranty of Performance Under a Contract #2
	Rating:		Price: $5.99
	At A Glance
	This Word document is to be used when a parent company assumes the responsibility for the acceptable performance of all terms and conditions of an agreement entered into by a subordinate company.
	Background
	There may be times when one company refuses to enter into a work agreement with another company without an express written guarantee by the parent company of the contracting company that it will vouch for the acceptable performance of the assignment. This legal document clearly states that the parent company will assume all the obligations and liabilities should the subordinate company default on any of the elements of a signed agreement between the two companies in question.
	Benefits
	Using this tool, you will have a ready-made guaranty should a parent company be required to attest to your company's ability to make good on all the terms and conditions of any assignment.
	Time ROI
	It takes on average 2 hours to create a Guaranty of Performance Contract. By using MyWorkTools.com, you will save approximately 1.5 hours since all you have to do is input your company specific information.

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