Check a deposit-bond's expiry and the replacement dates
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the bond and the contract, record the issuer, the amount, the expiry date, the date 14 days before expiry, and the date 7 days before expiry. Note whether a replacement from the same issuer, for the same amount, with an expiry at least three months after its issue, is on the file. Do not call on the bond.
- What the lawyer must review
- The lawyer decides whether the vendor accepted the bond, whether time for providing it or a replacement has passed, and whether any right to terminate has been lost because a replacement was served or the deposit was paid in full. Confirm the edition printed on the contract.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | Do not begin AI assistance until the responsible lawyer has defined and confirmed its permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Diary 14 days and 7 days before expiry. Do not invent another notice period.
- A replacement the vendor must approve is from the same issuer, for the same amount, and expires at least three months after issue.
- If the purchaser has disputed the termination before it happens, the bond goes to the stakeholder.
- Confirm the edition on the contract. This is the 2022 sample.
Sources
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.