Bond Definition In Law In Wake

• Category: Criminal - Bail
• State: Multi-State
• County: Wake
• Control #: US-00006DR
• Format: Word; Rich Text

Description

The Bail Bond Agreement outlines the responsibilities of the Applicant, a person seeking a bail bond, towards the Bail Bond Company (BBC) and the Surety involved in the bond execution. It defines a bond in law as a financial instrument ensuring that the Defendant will appear in court, and highlights the premium payable to BBC as fully earned upon execution. Key features include obligations to indemnify the company against liabilities, immediate payment demands upon forfeiture, and cooperation requirements for the Defendant's release. Specific instructions for filling out the agreement include providing accurate personal and defendant information and understanding the implications of non-compliance with any provisions. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to facilitate bail arrangements for clients, ensuring legal protections for the bonding entities while clarifying the Applicant's obligations. Use cases may involve defense counsel preparing bonds for clients awaiting trial, assisting in ensuring compliance with legal requirements, and managing financial responsibilities of the bond agreement.