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Performance and Payment Bonds for Construction Contracts, and What Happens if a Mechanic’s Lien is Filed?

Performance and Payment Bonds for Construction Contracts, and What Happens if a Mechanic’s Lien is Filed?

by admin | Apr 16, 2026 | Mechanic’s Lien Bonds, Payment Bonds, Preliminary Injunction

We have permanently relocated to 305 Broadway, Suite 601, New York, NY 10007. If you are in the neighborhood, feel free to stop by and say hello. A performance and payment bond is a type of surety bond commonly required on construction projects to protect project...
The California Code of Civil Procedure 527

The California Code of Civil Procedure 527

by admin | Jul 26, 2024 | Preliminary Injunctions, Restraining Order

The California Code of Civil Procedure (CCP-527) covers both preliminary injunctions and temporary restraining orders. A party seeking a preliminary injunction or temporary restraining order may be required to post a bond, which is even more likely with a preliminary...
International Standby Letters of Credit Are Not Acceptable for Bonds in the U.S.

International Standby Letters of Credit Are Not Acceptable for Bonds in the U.S.

by admin | Apr 25, 2024 | Surety Bonds

Today, I would like to talk about various international clients who may need a surety bond in the US. European clients may work with banking relationships, which tend to use standby letters of credit to secure different obligations. In the US, the standby letter of...
ERISA 4204 — Withdrawal Liability Bonds — Part 2 of 2

ERISA 4204 — Withdrawal Liability Bonds — Part 2 of 2

by admin | Apr 5, 2023 | Liability Bonds, Surety Bonds

When you agree to obtain a bond on behalf of the buyer or seller, you should determine who the bond principal will be. The bond principal must sign the bond. In order for the surety to issue the bond on behalf of a bond principal, they require their indemnity through...

Seeking a Legal Remedy Where the Statute Mentions a Bond or Undertaking? Plan ahead.

https://courtbondnow.com/neil-p-pedersen
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