A EMI assurance application is a legal document that protects the interests of the applicant in the event that the development is not completed as promised. The applicant is typically the party who has provided the funding for the project. The EMI assurance application covers the following: 1) The right to terminate the contract if the development is not completed as promised; 2) The right to receive a refund of the amount paid for the development; and 3) The right to receive damages if the development is not completed as promised.
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