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A beer bond is a Surety bond which is created by the principal
that he/ she will comply with the state federal government
act, rules and regulations, manufacturing and warehousing
the product beer. This Surety bond is created by the principal
with both central and state government. This bond guarantees
that the principal will buy/sell the branded beer product
without involving in fraudulent activity. It makes the
principal and the obligee to make use of this bond.
This Beer bond also ensures collection of payment from the
principal. While making use of the beer bond the principal
has to obtain a license. The principal has to obtain
a license to sell/buy the beer product in the market.
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details.
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