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Miscellaneous Bonds

Miscellaneous Bonds

There are numerous situations where surety bonds are required to guarantee the performance or obligation of a specific party. Some examples are: replacement of lost securities, performance of public officials, and fiduciary responsibilities of those acting as guardians, administrators, and executors. Bonds are also required in judicial matters where one party undertakes legal action against another. The number of situations where a surety bond is used to provide a guarantee is endless. In a great many cases one party in a business situation will ask for a performance guarantee from another party requiring the drafting of a bond form to fit the specific agreement. At Smith Manus we take the time to understand the compliance requirements and identify the necessary bond forms to be used in all of these unique situations.