A surety bond is a contract among three parties. The first party (surety company) agrees to pay a stated amount on behalf of the second party (principal) to the third party (obligee) if the principal fails to meet the terms of the contract.
For the Protection You Deserve
A surety bond is a contract among three parties. The first party (surety company) agrees to pay a stated amount on behalf of the second party (principal) to the third party (obligee) if the principal fails to meet the terms of the contract.