The contractor and surety relationship is a very important partnership found in the commercial construction industry. The indemnity agreement is a standard document in the surety and construction industry, but for those outside the industry, they can be relatively unknown. They can be difficult to understand and navigate when your construction client is required to provide a bond to secure its bidding, payment, and performance obligations under a construction contract. In this presentation, Beth Stengel will discuss what is an indemnity agreement, who signs the indemnity agreement, what are the surety’s rights under the indemnity agreement, and what are the principal/contractor's defenses under the indemnity agreement.

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