A Delaware Surety Bond is a type of financial guarantee that is required by the State of Delaware in certain situations. It is a written agreement between three parties: the obliged (the person or entity who is requesting the bond), the principal (the person or entity who is the subject of the bond), and the surety (the entity that is issuing the bond). The surety promises to pay the obliged a certain amount of money if the principal fails to fulfill their obligations. The main purpose of a Delaware Surety Bond is to ensure that the principal complies with the requirements of the agreement or the law. This type of bond is often used for business licensing, permit bonds, court bonds, fidelity bonds, and other types of financial guarantees. Types of Delaware Surety Bonds include: Contract Surety Bonds, Performance Surety Bonds, Payment Surety Bonds, Miscellaneous Surety Bonds, License and Permit Bonds, Fidelity Bonds, and Judicial Surety Bonds.
A Delaware Surety Bond is a type of financial guarantee that is required by the State of Delaware in certain situations. It is a written agreement between three parties: the obliged (the person or entity who is requesting the bond), the principal (the person or entity who is the subject of the bond), and the surety (the entity that is issuing the bond). The surety promises to pay the obliged a certain amount of money if the principal fails to fulfill their obligations. The main purpose of a Delaware Surety Bond is to ensure that the principal complies with the requirements of the agreement or the law. This type of bond is often used for business licensing, permit bonds, court bonds, fidelity bonds, and other types of financial guarantees. Types of Delaware Surety Bonds include: Contract Surety Bonds, Performance Surety Bonds, Payment Surety Bonds, Miscellaneous Surety Bonds, License and Permit Bonds, Fidelity Bonds, and Judicial Surety Bonds.
