Common Contracts
1 similar Surety Bond Agreement contracts
What is a Surety Bond?Surety Bond Agreement • June 2nd, 2014
You may be asking, ‘What is a bond?’ In the simplest of terms, a Surety bond is a three party agreement that legally binds together a Principal who needs a bond, and Obligee who requires a bond and a Surety that provides the bond. The bond guarantees the Principal will fulfill their obligations to the Obligee in accordance with laws and specifications.