Injunction Bond
What is a Injunction Bond?
An Injunction Bond is a type of Court & Fiduciary bond that ensures that the party requesting an injunction (a court order stopping a specific action) pays any damages suffered by the other party if the injunction is later determined to be unjust.
Protects the party affected by the injunction from financial loss if the injunction is found to be unjust.
Required by courts when a party requests an injunction to ensure the financial interests of the affected party are protected.
Applicant’s personal information, credit history, bond amount (determined by the court), and case details.
Based on credit history and bond amount, usually 1-3% of the bond amount for applicants with good credit.
