What are Principals and Obligees in Surety?
Whether you’re starting a business, launching a construction project, or entangled in court, you will need a surety bond to guarantee payment from the surety to the obligee if the principal is unable to meet…
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The Parties in a Surety Agreement
A surety bond can be required to start a business, take on a public construction project, or fulfill a court requirement. A surety bond is a three-party agreement between the principal, obligee, and surety. If…
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