A preliminary injunction may be granted where it appears that the defendant threatens or is about to do an act in violation of the plaintiff's rights. The court may issue a preliminary injunction or a temporary restraining order only if the movant gives security in an amount that the court considers proper.Injunctive relief usually takes one of three forms: temporary restraining order (TRO), preliminary injunction, and permanent injunction. Both Parties agree to waive any requirement that the other post a bond or other security as a condition for obtaining any such relief. For injunctive relief in the federal courts has always been irreparable injury and the inadequacy of legal remedies. The receiving party waives any requirement that the disclosing party post a bond or prove actual damages in connection with it seeking injunctive relief. In the language you're citing, then, the parties are purporting to agree that one is entitled to injunctive relief without posting bond. The U.S. Bankruptcy Court for the Southern District of New York recently weighed in on this issue. In addition, a party seeking injunctive relief will need to be prepared to post a bond. Under Federal Rule of.