Ten Eyck Group Blog: surety bonds
View the latest blog posts from Ten Eyck Group.
Monday, August 19, 2019 Surety bonds are three party contracts between the Surety (usually the insurance company), the Obligee (usually the person/entity requiring the bond) and the Principal (usually the person or entity being required to post the bond). The bond itself is put in place to guarantee that the principal will act in accordance with the terms established by the contract. READ MORE >>
Tuesday, September 12, 2017When your business enters into a contract with another party, you promise, legally, to complete a service according to specific guidelines. Failing to complete a contract could lead to legal consequences. Furthermore, your company might have to compensate the client for lost costs associated with the failure. READ MORE >>
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