We represent corporate sureties that issue bonds to a party (Obligee) to guarantee performance or payment of an obligation by a third party (Principal). The Surety assumes liability for non performance or nonpayment in case the terms of the obligation or contract are not performed and there is no defense to the claim.
Often a surety will dispute liability because its Principal is not liable or because the surety itself has a defense to the claim of the obligee and it will retain us to give it advice and counsel and at times represent it in litigation if it should come to that.
At other times the Firm has represented contractors and owners, advising them on aspects of surety law that arise and also against sureties relating to the very same issues.
The Firm’s knowledge of and experience in surety law extends to bonds relating to:
Frank J. Lanak, who has over 40 years experience in the surety field, is joined by other experienced members of the Firm in obtaining the best results possible in disputes relating to this area of law.