Bail Vs Bond In Michigan
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Description
The Bail Bond Agreement in Michigan provides a structured outline for individuals applying for a bail bond through a bail bonding company. It distinguishes between bail, which is the amount paid directly to the court to secure a defendant's release, and a bond, which is a contractual obligation involving a surety (a third party). This document is essential for attorneys, partners, owners, associates, paralegals, and legal assistants who facilitate bail processes for clients. Key features of the form include the requirement for the applicant to pay a premium and indemnify the bail bonding company from any liabilities incurred in the process. Fillers should complete the form with accurate details about the applicant, bail bonding company, surety, and defendant's information. The agreement stipulates payment obligations, responsibilities in case of bond forfeiture, and conditions for releasing a defendant. Legal professionals must ensure that all statements made are truthful and that they keep the bonding company informed of any changes in the applicant's contact information. The form is particularly relevant for situations involving criminal charges where defendants require release from custody while awaiting trial.
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