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An Injunction Bond is a surety bond required by the court. This bond protects a defendant and guarantees the plaintiff will make whole the defendant against damages sustained as a result of an injunction. It provides a guarantee to the defendant that no damages will be sustained should the court dismiss the plaintiff’s lawsuit. This also protects the defendant from an unlawful accusation. Apply for your injunction bond today.
The cost of an injunction bond will vary depending on the details of the plaintiff’s lawsuit and the court orders. Generally, the cost will range from 0.5% – 3% of the court-ordered bond amount.
The court will order this bond to protect the defendant from unlawful accusation, damages they will sustain in the course of defense, and against wrongful restraint. This bond often requires collateral as an underwriting term. The plaintiff would be required to post the bond and thereby also have to post the collateral with the surety.
Depending on the circumstances of the lawsuit and the amount of the bond, injunction bonds only require a copy of the motion, the court order that approves the injunction, completed court application, and either a financial or collateral agreement. Many requests can be approved with hours, same day. Larger requests may require financial review and more time. Both processes begin by calling or applying here.
Get Started*Click on the links above and save the file to your computer. Fill in all that applies and return to apply@bondingsolutions.com