The exixtence of peformance bond in the construction contact is a must. But, before issuing the said bond, the issuing party (the bank or insurance company) need to be indemnified. There are several issues on this type of indemnity that needs to be highlighted, clarified and resolved. This article discusses the said matters in Malaysian legal perspective and practises.
Aziz Abdul Hussin. 2009. "ISSUES OF INDEMNITY IN ISSUING PERFORMANCE BOND:" ExpressO
Available at: http://works.bepress.com/aziz_hussin/1
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