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Content Develop By-When a surety issues a performance bond, it guarantees that the principal (the event who purchases the bond) will accomplish their responsibilities under the bond's terms. If the major stops working to meet these responsibilities and defaults on the bond, the surety is responsible for covering any losses or damages that result.1.
Content Develop By-When a surety issues a performance bond, it guarantees that the principal (the event who purchases the bond) will accomplish their responsibilities under the bond's terms. If the major stops working to meet these responsibilities and defaults on the bond, the surety is responsible for covering any losses or damages that result.1.
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