What is a surety bond

understanding surety bond form parts

Surety Bond Form Anatomy, Explained

It’s easy to get confused about the sections, wording, or clauses of a surety bond form, especially in the beginning. But it’s important to have a good understanding of it because it contains significantly more features than a typical contract. Surety bonds are legally binding contracts that police agreements about the conduct of the parties …

Surety Bond Form Anatomy, Explained Read More »

surety bond modifications cancellations renewal

Surety Bond: Modifications, Cancellations and Renewal

Did you know that surety bonds can also be changed/modified, canceled, or renewed? This article will help you glean useful insights in case you are in dire need of bond modifications, cancellations, and renewal.   Modification Your existing surety bond can be modified through the issuance of a surety bond rider. A surety bond rider …

Surety Bond: Modifications, Cancellations and Renewal Read More »

What is a Surety Bond

What is a Surety Bond: Parties, Types, Requirements

A surety bond is part credit, part insurance that serves as a guarantee to ensure the fulfillment of obligations as specified in a legally-binding contract.   Who are the people involved in a surety bond? A surety bond consists of a three-way party. Each party involved has a distinct role and responsibility with one another. …

What is a Surety Bond: Parties, Types, Requirements Read More »

Condemnation Bonds

Condemnation Bonds: Protecting The Rights Of Landowners

As the population in the United States continues to grow, land and property issues are increasingly becoming a common occurrence. Whether it is highway construction or something more, there are many reasons why government agencies will exercise the right of Eminent Domain to secure the property. If that private property is taken for public use …

Condemnation Bonds: Protecting The Rights Of Landowners Read More »

Petitioning Creditors Bonds: Insuring Debtors In The Eyes Of The Law

Petitioning Creditors Bonds: Insuring Debtors In The Eyes Of The Law

Unless you are one of the lucky few, it may be safe to assume you have accrued debt throughout your adult life. From student loans to car and mortgage loans, personal debt comes in a variety of different forms. Creditors are any one person or organization owed money from a debtor. If a creditor finds …

Petitioning Creditors Bonds: Insuring Debtors In The Eyes Of The Law Read More »

Alcohol Tax Bonds

Alcohol Tax Bonds: How They Impact Alcohol Vendors

If you are currently in the business of or are planning to operate an alcohol vending business in the United States, acquiring an Alcohol Tax Bond is imperative to the success of your business. Although the requirements for alcohol vendors may vary from state to state, Alcohol Tax Bonds serve a universal purpose in ensuring …

Alcohol Tax Bonds: How They Impact Alcohol Vendors Read More »

Construction bonds

Construction Claims Prevention: How To Protect Yourself From The Start

A construction development project can be a high-risk endeavor and requires a carefully developed plan of action to ensure the terms promised will be executed correctly and fairly for all parties involved. When starting a construction development project, the earlier construction claims prevention methods are discussed, the easier it will be to mitigate the situation …

Construction Claims Prevention: How To Protect Yourself From The Start Read More »