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Episode Synopsis "Surety Bonding in Pivotal Points"
A surety bond is simply an agreement between three parties: Principal, Surety, and Obligee. The surety provides a financial guarantee to the obligee that the principal will fulfill their contractual obligations. Therefore, a surety bond is a risk transfer mechanism. In the public marketplace, bonds are required by Federal, State, and local laws. In the commercial markets, bonds are used at the discretion of the parties to a contract. join Junior Gutierrez and Chris Smith from Anderson & Catania talking about Surety Bonding in Pivotal Points.
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