The Requirement to Post Collateral Under General Agreement of Indemnity is Real

David Adelstein | Florida Construction Legal Updates In prior postings, I have discussed the all-powerful General Agreement of Indemnity (click here and here).  This is the document a bond-principal executes to obtain bonds (e.g., performance and payment bonds).  Not only does the bond-principal execute this General Agreement of Indemnity, but typically, so do other indemnitors such as the company’s principals… Continue reading The Requirement to Post Collateral Under General Agreement of Indemnity is Real

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