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Injunctive Relief in Labor Disputes
New York State Labor Law Section 807 provides for injunctive relief related to a labor dispute and union organization where the judge can grant the injunction or restraining order. A condition of the court issuing the injunction is for the plaintiff to post a bond or...
Navigating Surety Performance and Payment Bonds
I am pleased to announce that I recently had the opportunity to co-author an article for the New York Law Journal with Jacqueline Greenberg Vogt, Esq. of Mandelbaum Salsburg, P.C. Attorney Vogt is a client, for whom I have issued bonds in the past. The subject of the...
Obtaining and Filing Bonds in Surrogate’s Court in New York in the COVID-19 Era
My name's Neil Pedersen of Pedersen & Sons Surety Bond Agency and today I am going to discuss the new procedure in the COVID era for obtaining and filing bonds in Surrogate's Court in the various counties of New York. As we continually move through the pandemic,...
Requirements for License Bonds in the State of New Jersey
The State of New Jersey Department of Consumer Affairs may require particular bonds for certain professional licenses. The bond amount could be anywhere from $1,000 to $25,000 but most are $5,000 or $10,000. These bonds are required for...
Covering a New Jersey Lien or Certificate of Debt
In New Jersey, any entity affected in any manner, whether directly or indirectly, by a lien under NJSA 30: 4D-7.8, or a certificate of debt filed prior to a final agency adjudication, in accordance with this section, can file a bond in the Superior Court of the County...
![Bid and Performance Bonds [VIDEO]](https://courtbondnow.com/wp-content/uploads/2021/03/Bid-and-Performance-Bonds.jpg)
Bid and Performance Bonds [VIDEO]
When planning to bid on a government or large private-sector contract, it is important to obtain a bid bond ahead of time to guarantee to the business entity that you can accept and enter into a contract. Neil Pedersen PEDERSEN & SONS SURETY BOND AGENCY, INC. 15...
![Performance Bonds [VIDEO]](https://courtbondnow.com/wp-content/uploads/2021/02/Performance-Bonds-DPLIC-96384744.jpg)
Performance Bonds [VIDEO]
A performance bond is necessary if you plan to bid on a governmental contract. Many business owners have gone after governmental contracts, but aren’t able to get the bonds and, as a result, lose the contract. With a bonding line a business owner can confidently say...
Mechanic’s Lien Bonds [VIDEO]
Bonds are necessary in construction disputes where unpaid contractors are filing mechanic’s liens against property owners. In these disputes, the property owners must file a bond because liens violate their mortgages. If a construction litigator has a client...
ERISA Withdrawal Liability Bonds
Today, I would like to speak to you about the Employee Retirement Income Security Act (ERISA) Withdrawal Liability Bonds. Previously, I spoke about when a company is being sold and the union requires a bond from the buyer to guarantee the unfunded pension obligations...