In certain specific situations, the law or municipal regulations may require a surety bond to allow you to pursue an activity, initiate a legal process, or comply with an order. These so-called “special” surety bonds are essential to meet legal or administrative requirements imposed in specific contexts.
Whether in the context of a dispute, a project requiring a special permit, or an order issued by a competent authority, this type of guarantee serves as proof of your commitment to adhere to the imposed conditions. It also protects concerned third parties by ensuring that compensation will be available in case of failure to meet your obligations.
The experts at J. Gérard Fortin & Associates assist you in analyzing your needs and guide you in promptly implementing the appropriate solution. With our in-depth knowledge of regulatory frameworks, you benefit from reliable support to fulfill your obligations in full compliance.
Selecting the appropriate special surety bond depends on the legal, administrative, or regulatory context in which you find yourself. Each situation may require a specific guarantee to enable the progression of a procedure or compliance with an obligation. The experts at J. Gérard Fortin & Associates are here to help you identify the suitable guarantee for your situation and ensure it complies with the imposed requirements.
Required by courts in certain situations (e.g., to obtain an injunction, file an appeal, or suspend the execution of a judgment), these surety bonds aim to ensure that potential damages will be covered in case of procedural abuse.
Some municipalities require a guarantee before authorizing work, an event, or temporary occupation of a public space. The surety bond then covers potential costs for restoration or non-compliance with imposed conditions.
When an authority imposes an order (environmental, urban planning, or other), a surety bond may be required to ensure that necessary actions will be undertaken or that financial consequences will be assumed.
In certain cases, the law requires a guarantee to exercise a right or obtain authorization, such as when opening an estate, filing an appeal, or requesting regulatory approval.
The duration depends on the context in which the surety bond is issued. It is generally limited to the duration of the procedure, project, or imposed obligation but can be extended if the situation requires.
No, the amount varies based on the specific requirements of the law, regulation, or authority imposing the bond. It is determined according to the assessed risk and the scope of the obligation.
Yes, adjustments can be made if there are changes in the underlying obligation or if the authority requests a modification. Our team assists you in managing these changes to ensure continued compliance.