A bail bond is a bond provided by an insurance company through a bail bondsman acting as agent for the company, to allow an accused defendant to be released before trial. A bail bond is designed to ensure the appearance of the defendant in court at the scheduled time. Prior to the posting of a bail bond, the defendant or a co-signer must guarantee that they will pay the full amount of bail if the defendant does not appear in court. The bail bond company usually charges 10 percent of the amount of the bond and often requires the defendant to put up some collateral like a seconded of trust or mortgage on one's house.
When the case is concluded, the bail bond is "exonerated" and returned to the insurance company. If the defendant disappears and fails to appearing court (skips bail), the bond money will be forfeited unless the defendants found and returned. The bond may be forfeited, by order of the court, upon the partys failure to appear or to comply with the conditions of the bond. If the defendant is located and arrested by the bail agent the cosigner is responsible for all expenses the bail agent incurs while looking for the defendant.
A New Jersey Bail Bond Agreement is a legal document that outlines the terms and conditions between a defendant, a bail bondsman, and the court system in the state of New Jersey. This agreement is necessary when a defendant cannot afford to pay the bail amount set by the court to secure their release from jail before trial. Keywords: New Jersey, bail bond agreement, legal document, defendant, bail bondsman, court system, bail amount, release from jail, trial. There are primarily two types of New Jersey Bail Bond Agreements: 1. Cash Bail Bond Agreement: In this type of agreement, the defendant, or someone on their behalf, must pay the full bail amount in cash or certified funds directly to the court. Once the defendant meets all the required court appearances, the bail money is returned, minus any applicable fees or fines determined by the court. Keywords: cash bail bond agreement, full bail amount, cash or certified funds, court appearances, bail money returned, applicable fees, fines. 2. Surety Bail Bond Agreement: Surety bail bonds are the most commonly used type of bail bonds in New Jersey. In this agreement, a bail bondsman, acting as a surety, guarantees the court that the defendant will appear for all scheduled court dates. The defendant or their family members pay the bail bondsman a non-refundable fee, usually a percentage of the bail amount. The bondsman then posts a bond with the court, securing the defendant's release. Keywords: surety bail bond agreement, bail bondsman, surety, scheduled court dates, non-refundable fee, percentage of bail amount, bond with the court, defendant's release. Regardless of the type of New Jersey Bail Bond Agreement, certain conditions and responsibilities apply to both the defendant and the bail bondsman. These may include the defendant's compliance with all court orders and appearances, notifying the bail bondsman of any address changes or travel plans, refraining from engaging in criminal activities, and surrendering to the court if required. Keywords: conditions, responsibilities, compliance with court orders, court appearances, address changes, travel plans, refraining from criminal activities, surrendering to the court. It is essential for both the defendant and the bail bondsman to understand and abide by the terms outlined in a New Jersey Bail Bond Agreement to ensure a smooth and successful bail process while maintaining legal accountability.
