An injunction can be a messy situation without a Baltimore injunction bond. When taking legal action you want to make sure you are always covered. A Baltimore injunction bond does just that no matter what the injunction is for.
Maryland courts rely on surety bonds to cover the legal actions of both the plaintiff and defendant. While the judicial system strives to be fair it also admits that loopholes can be found, and wrongful actions can occur. A surety bond is an effort to prevent such situations.
By requiring the plaintiff or defendant to post a surety bond, the court can cover the other party should the action be harmful. A wage garnishment, for example, can be a harsh financial blow. And to grant that action with no concern to that fact would be wrong so courts step in with a surety bond requirement.
A Baltimore injunction bond is a type of plaintiff bond. When a plaintiff seeks to stop the action of a defendant they ask for an injunction bond. An injunction can cover a wide range of situations from stopping a commercial from running to stopping construction on a roadway. A Baltimore injunction bond must cover the full value of the injunction. This means protecting the defendant against a financial loss.
To be accepted by the courts, the Baltimore injunction bond must also be set for the correct term limits. Surety bond experts can quickly tell clients which term limits apply to their situation. Failing to satisfy Baltimore injunction bond requirements can lead to further legal action and costs.
Other types of Baltimore court surety bonds include appeal bonds, bid protest bonds, and release of lis pendens bonds. An appeal bond is the most commonly used across all states. A plaintiff may seek an appeal bond should they lose a case. A defendant can also seek an appeal bond if they lose a case. They can also stay a judgement which means they don’t have to pay a monetary judgement while the appeal process plays out.
The lawyer-trained staff at Jurisco helps clients understand which court surety bond is best for them. The surety bond experts know all the Baltimore court surety bond requirements for every type of bond.
Do you have questions about a Baltimore injunction bond or surety bonds in general? Contact Jurisco to get answers to all your surety bond questions. The Maryland surety bond experts are ready to offer same-day professional service for every Baltimore surety bond client. Let Jurisco take care of the Baltimore injunction bond with the lowest surety bond rate possible.