Surety bonds play a pivotal role across various sectors, from the courtroom to the boardroom. Understanding these instruments is essential for individuals and businesses embarking on activities that require guarantees of performance or compliance. Here, we address the five most common questions about surety bonds, focusing on defendant bonds, plaintiff bonds, probate and fiduciary bonds, […]
In the business and legal realms, the term "surety bond" frequently surfaces, but its definition and implications can often be complex and misunderstood. A surety bond is a legally binding agreement that involves three parties: the principal (who needs the bond), the obligee (who requires the bond), and the surety (who underwrites the bond). This […]
Today our blog is going to focus on appeal bonds in New Jersey. While appeal surety bonds can be used nationwide, our focus is going to be on how New Jersey utilzes this type of surety bond. The intricate tapestry of the U.S. legal system grants parties the right to appeal a judgment, ensuring the […]
Have you ever used a supersedeas surety bond in Texas? If you’re a lawyer in Texas you are sure to have heard of this type of defendant surety bond. After all, in the vast legal landscape of Texas, civil litigation and appeals are very common. When a judgment has been passed, but the appellant wishes […]
Often times surety bonds are used in cases to protect an enjoined party from wrongful civil actions. These generally fall under the category of plaintiff bonds. However there is also a list of surety bonds used as good faith measures so certain legal actions can be delayed. These are called defendants bonds. Over the coming […]
A surety bond definition may not be adequate to understand a bond fully and why it is needed. Take an Executor Bond in Texas for example. Here is a standard surety bond definition: “Personal Representative Bonds, also referred to as Administrator or Executor Bond) guarantee the faithful performance of the Personal Representative in their duties […]
Money Judgment Appeals are typical across the United States in a variety of circumstances. A plaintiff may seek damages in an automobile accident, loan repayment, or even medical bills. There are also suits where courts award plaintiffs large sums of money, often millions of dollars, for safety hazards, product mishaps, and defamation of character. No […]