United States:
Surety Bonds: A Basic Primer And The Insolvency Twist
04 July 2014
Fox Rothschild LLP
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Much has been written about the effects of the economy upon the
construction industry. This newsletter will focus upon a unique
perspective applicable to the surety context. Commercial and
sometimes residential construction compels the necessity for a
contractor to obtain a surety bond to guarantee performance leading
to the successful conclusion of a construction project. Upon that
occasion, a general contractor will obtain a surety bond from an
authorized underwriter.
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article.
Originally published by www.iadclaw.org (International Association of
Defense Counsel)
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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