Paragon Underwriters, Inc. has the experience and service in meeting the special bonding requirements of the legal profession. In today’s complex society, there’s an increased need for court bonds. Court actions and legal requirements can alter the normal course of business for corporations and individuals.
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Court Bonds in their most basic forms are monies paid to the court by the defendant in order to insure the defendant comes back for trial. In other words, defendants who have committed a crime will not have to sit locked in a jail cell while awaiting trial if they pay a monetary amount decided by the judge. Surety bonds are bonds paid by a person other than the dependent who essentially takes responsibility for making sure the defendant makes all of their court appearances. An appearance bond is when the defendant pays the bail monies him or herself. The use of bonds holds the defendant accountable for making every single court appearance otherwise the court will keep the bail money.
Lawyers can use the practice of court bonds to their advantage in a variety of ways. Defending attorneys can request bail in order to prove the reliability of their client. Defendants will have the ability to prove trust worthiness by making court appearances. Beyond which the defendant and attorney can then utilize more avenues of defense that would not be readily available to them if the defendant was in jail. Likewise court bonds can benefit prosecuting attorneys essentially giving them a promise from the defendant that they will appear in court and the proceeding will not be held up. Court bonds are an integral part of the justice system. Bonds keep the court running smoothly and prevent unnecessary jailing costs, while guaranteeing a fair trial for both prosecution and defense. Court bonds provide another option for lawyers to help their clients rather than having them sit in jail. Depending on the severity of the crime, court bonds can involve quite a lot of money. It is very important when securing bonds lawyers and defendants choose a trusted and knowledgeable bonding agency that has experience in issuing court bonds.
COURT BOND DEFINITIONS
Attachment Bond (Plaintiff’s) – Many times in disputes the plaintiff will attach disputed property or assets of the defendant to prevent them from disposing of them during lititgation. The assets are usually held in custody of the court until the case is settled. This bond indemnifies the defendant against loss or damages determined by the court from the plaintiff attaching the property.
Cost Bond (Plaintiff’s) – The cost bond guarantees payment of court costs, such as fees to the clerk of courts, etc. For plaintiff it could be required if they do not maintain an office or if they are a non-resident of the state.
Cost on Appeal (Plaintiff’s) – Same as the above cost bond; difference here is a bond can be required if the plaintiff wants to have his/her case reheard in the appellate court.
Indemnity To Sheriff Bond – If a Sheriff is called upon to execute a writ for the seizure of property, he/she may require a bond. The bond indemnifies the Sheriff against claims resulting from damages to a party’s property in the event of an invalid seizure.
Injunction Bond/ TRO (Plaintiff’s) – An injunction, sometimes called a Temporary Restraining Order (TRO), is a judicial order issued by a court to the plaintiff whereby the defendant is required to do or refrain from doing a particular thing until the issue is decided in court. The bond indemnifies the defendant against damages and costs if the court rules in their favor.
Garnishment Bond (Plaintiff’s) – Similar to the Attachment Bond for Plaintiffs – difference being that the property of the defendant is in the hands of a third party – or money owed by a third party to the defendant may be seized under a writ of attachement. The third party is known as garnishee or garnishee-defendant. In order to obtain the writ of garnishment, the plaintiff is required to give bond to the same effect as that required to secure the writ of attachement.
Replevin Bond (Plaintiff’s) – Replevin (also known as claim and recovery) is an action to recover posession of specific articles of personal property. The Replevin bond, which the plaintiff is required to furnish, is conditioned for the return of property, if return is ordered, and for the payment of all costs and damages adjudged to the defendant.
Paragon can be your source for the following bonds for your law firm as well as for your clients needs, including:
- Appeal Bonds
- Conservator Bonds
- Court Bonds
- Employee Dishonesty & Janitorial Services Bonds
- Fidelity Bonds
- License Bonds
- Lost Instrument Bonds
- Permit Bonds
- Public Official Bonds
- Receivers Bonds
- Referee Bonds
- Trustee Bonds
- Bid Performance Bond (Application Click Here)
- ERISA Bond (Application Click Here)
- Notary Bond (Please Call)
Contact us today to find out more about our bond program and how it can benefit your law firm.
To obtain a bond, or to inquire about a bond that you do not see listed above, please call us:
Toll Free: 800-727-0001