# Surety Agreement Contract
**This Surety Agreement (“Agreement”) is made and entered into this [Insert Date] by and between:**
**Principal:**
[Name of Principal]
[Address of Principal]
[City, State, Zip]
[Email Address]
[Phone Number]
**Surety:**
[Name of Surety]
[Address of Surety]
[City, State, Zip]
[Email Address]
[Phone Number]
**Obligee:**
[Name of Obligee]
[Address of Obligee]
[City, State, Zip]
[Email Address]
[Phone Number]
### 1. Background
This Agreement is established for the purpose of providing a guarantee by the Surety of the obligations undertaken by the Principal to the Obligee under [specify the underlying agreement or obligation, e.g., a contract, permit, etc.].
### 2. Obligations of Principal
The Principal hereby agrees to fulfill all obligations as outlined in the underlying agreement, which includes but is not limited to:
- [Describe the obligations, terms, and conditions of the underlying agreement.]
### 3. Surety's Guarantee
The Surety hereby guarantees the performance of the Principal’s obligations under the underlying agreement. If the Principal fails to perform any of its obligations as specified:
- The Surety shall, upon written demand by the Obligee, undertake the performance of such obligations or pay the Obligee the amount due under the terms of the underlying agreement.
### 4. Limit of Liability
The liability of the Surety under this Agreement is limited to [specify amount] or the full amount of the obligation of the Principal to the Obligee under the underlying agreement, whichever is lesser.
### 5. Duration
This Surety Agreement will remain in effect until [insert date or specific conditions under which the contract will end].
### 6. Waiver
No waiver of any provision of this Agreement shall be effective unless in writing and signed by an authorized representative of the Surety, the Principal, and the Obligee.
### 7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [Insert State].
### 8. Entire Agreement
This Agreement constitutes the entire understanding between the parties concerning the subject matter hereof and supersedes all prior agreements and understandings.
### 9. Signatures
By signing below, the parties agree to all terms and conditions set forth in this Surety Agreement.
**Principal:**
Signature: ________________________
Name: [Printed Name of Principal]
Date: ____________________________
**Surety:**
Signature: ________________________
Name: [Printed Name of Surety]
Date: ____________________________
**Obligee:**
Signature: ________________________
Name: [Printed Name of Obligee]
Date: ____________________________
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### Note:
- This is a template of a Surety Agreement and may need modifications to meet specific legal requirements and circumstances. It is advisable to consult with a legal professional before finalizing any legal document.