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Surety Bond Details
Cost: Depends on applic...
Injunction Bond | ||
---|---|---|
Category: | Court & Fiduciary | |
Obligee: | ** Louisiana ** Generic Obligee | |
Amount: | Varies | |
Duration: | Stated on Bond | |
Expiration: | Stated on Bond |
An Injunction Bond is a judicial order issued by a court in favor of the plaintiff whereby the defendant must do or refrain from doing a particular act until the issue is decided in court. The Bond guarantees that the plaintiff will indemnify the defendant against all damages and costs should the court rule in the defendant's favor. A defendant could also provide an injunction Bond to allow his continued action until the matter is resolved in court. In this situation, the Bond would guarantee the defendant's indemnification of the plaintiff's damages should the plaintiff prevail.
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