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Construction Bond and Contract Provisions
April 5, 2011
While there are many general rules of suretyship, a performance bond is a tripartite agreement among owner (oblige), contractor (principal) and surety (obligor). The surety acts as the guarantor of the contractor's performance. The rights, duties and obligations of the parties will be determined by the rules of contract interpretation. Key areas of potential dispute focus on the surety's potential exposure to extra contractual damages.
Barbara Werther of Ober|Kaler will present "Construction Bond and Contract Provisions," an audio conference presented by designed to address these points. The program will be offered by Lorman Education Services.
For more information, visit: www.lorman.com/audio-conference/387589.