We've got more versions of the SURETY BOND FORM - SAG-AFTRA form. Select the right SURETY BOND FORM - SAG-AFTRA version from the list and start editing it straight away!
What is the difference between a bond and a surety bond?
The main difference between a cash bond and a surety bond is the number of parties involved. Cash bonds only involve two parties, you and the owner. In a surety bond, there is a third party, the surety company. The term surety refers to any party that guarantees the payment of a debt or performance of a contract.
What is another name for a performance bond?
A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money, intended to secure a futures contract, commonly known as margin.
How do I fill out a surety bond form?
How to Fill Out a Surety Bond Form Bond Number. The bond number is the unique identification number assigned to your bond. Bond Premium. This is the cost of your bond, typically calculated as a percentage of your bond coverage. Principal Name. Surety Name. State of Incorporation. Obligee Name. Bond Amount. Bond Obligation.
What is the difference between performance bond and surety bond?
A performance bond is a specific type of surety bond that guarantees to the project owner, or obligee, that the contractors work will meet their contractual obligation. In other words, the work will be completed per the terms and conditions of the contract.
What is a SAG-AFTRA basic agreement?
SAG-AFTRAs codified basic agreement governs everything related to television and theatrical work, including scheduling and payment rates. For performers seeking to better understand their contracts, it is important to understand how the Codified Basic Agreement determines provisions for different performances.
Related Searches
Surety bond form sag aftra templateSurety bond form sag aftra pdfSurety bond form sag aftra downloadSAG-AFTRA Talent release FormSAG-AFTRA Rule 16gSAG agreement 2024SAG-AFTRA benefitsSAG-AFTRA waiver
Performance bonds are used to ensure satisfactory completion of contracted work. If a contractor is unable to deliver on their obligations, a performance bond allows the paying party to cover any additional costs due to their failure to deliver.
How much is a SAG bond?
Typically, a SAG bond is a minimum of $20,000 and covers the first two weeks salary for the talent. While some states require a separate talent agency bond in addition to a SAG bond, the two bonds together may add up to $20,000. The cost of the bond is typically just 1-5% of the bond amount.
Is a performance bond the same as a surety bond?
A performance bond is a surety bond that protects the project owner (the obligee) in the event the contractor (the principal) defaults on its obligations under the bonded contract.
Related links
The Final Cut: How SAGs Failed Negotiations with Talent
by K Shope 2006 Cited by 8 post a $10,000 surety bond; and (3) an agents SAG franchise was Six days prior to SAGs rejection of the contract, SAGs sister union AFTRA.
This site uses cookies to enhance site navigation and personalize your experience.
By using this site you agree to our use of cookies as described in our Privacy Notice.
You can modify your selections by visiting our Cookie and Advertising Notice.... Read more...Read less
