In January 2016 I joined Forbesâ Entrepreneurs team, after spending the previous six years writing for the Leadership channel. Iâm most interested in dramatic success stories that include a colorful, rocky road, where the business founder learns lessons as she navigates the terrain.
If you or a loved one is ever accused of a crime, the bail bond system can help protect your rights. Bail is an integral component in the justice system of the United States. The bail bond serves as a protection for a personâs rights. It also helps reduce overcrowding in detention centers and cost of inmate housing. These people, who have not yet been proven guilty, can remain free until a verdict is reached by the jury and the court comes up with a sentence.
A surety bond is a contract among at least three parties: 1  The principal-the primary party who will be performing a contractual obligation. 2  The obligee-the party who is the recipient of the obligation, and. 3  The surety-who ensures that the principal's obligations will be performed. bail bond is a type of surety bond used to secure the release from custody of a person charged with a criminal offense. Under such a contract, the principal is the accused, the obligee is the government, and the surety is the bail bondsman. Examples of fidelity bonds 1  : ERISA. 2  Business Service Bonds. 3  Public Official.