A bail bond is a bond provided by an insurance company through a bail bondsman acting as agent for the company, to allow an accused defendant to be released before trial. A bail bond is designed to ensure the appearance of the defendant in court at the scheduled time. Prior to the posting of a bail bond, the defendant or a co-signer must guarantee that they will pay the full amount of bail if the defendant does not appear in court. The bail bond company usually charges 10 percent of the amount of the bond and often requires the defendant to put up some collateral like a seconded of trust or mortgage on one's house.
When the case is concluded, the bail bond is "exonerated" and returned to the insurance company. If the defendant disappears and fails to appearing court (skips bail), the bond money will be forfeited unless the defendants found and returned. The bond may be forfeited, by order of the court, upon the partys failure to appear or to comply with the conditions of the bond. If the defendant is located and arrested by the bail agent the cosigner is responsible for all expenses the bail agent incurs while looking for the defendant.
A Wisconsin Bail Bond Agreement is a legal contract that establishes the terms and conditions between a defendant, a bail bondsman, and the court system when securing the release of a person who has been arrested and is awaiting trial in Wisconsin. This agreement ensures that the defendant will fulfill their obligations and responsibilities while being out of custody under the bail bond. In Wisconsin, there are two main types of bail bond agreements: cash bond and surety bond. A cash bond agreement requires the defendant or their representative to pay the full bail amount in cash to the court. This ensures that the defendant will appear for all court hearings and trial proceedings. If the defendant fails to comply with these obligations, the cash bond may be forfeited. On the other hand, a surety bond agreement involves a bail bondsman acting as a guarantor for the defendant. The bail bondsman charges a non-refundable fee, typically a percentage of the total bail amount, in exchange for providing the bond. This allows the defendant to secure their release without having to pay the full bail amount upfront. Under a surety bond agreement, the bail bondsman takes responsibility for ensuring that the defendant complies with all court requirements. This includes appearing for all scheduled court hearings, refraining from engaging in criminal activities, and adhering to any additional conditions set by the court. Failure to meet these obligations may result in the bail bondsman revoking the bond and surrendering the defendant back into custody. Throughout the Wisconsin Bail Bond Agreement, various essential elements are typically outlined, including the names and contact information of all parties involved, the specific charges against the defendant, the bail amount set by the court, the bond fee or premium, any collateral required, and the duration of the agreement. Additionally, the agreement details the consequences of non-compliance and the responsibilities of the parties involved. Keywords: Wisconsin, Bail Bond Agreement, defendant, bail bondsman, court system, release, arrested, awaiting trial, cash bond, surety bond, obligations, responsibilities, court hearings, trial proceedings, comply, forfeited, guarantor, non-refundable fee, percentage, total bail amount, secure, upfront, court requirements, criminal activities, conditions, revoking, surrendering, custody, elements, parties, charges, premium, collateral, consequences.
