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contract of surety -Puckett ObrienDid you understand that over 50% of guaranty bond insurance claims are filed because of unmet obligations? When initial performance bond enter into a guaranty bond arrangement, both celebrations have specific responsibilities to meet. But what occurs when those obligations are not met?In this short article, we wi
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Content written by-Duus HenryGuaranty Bonds give a monetary warranty to an obligee, such as a federal government company or client. This way, the obligee is protected versus loss if the primary stops working to satisfy the terms of the contract.The bonding process includes making an application for a details kind of bond as well as submitting all n