California Injunction Bond
AmeriPro Surety Bonds | 844-589-9732
California Injunctions – Between Two or More Business Entities
An injunction is a request granted by a civil court, to a Plaintiff, which requires a Defendant(s) to disengage or desist from some activity or business. When you hear the word injunction, you will also frequently hear the phrase temporary restraining order or preliminary restraining order. These terms are interconnected.
Of note, is that we write of here with respect to surety is not applicable to spouses or domestic partnerships. Rather, this is typically between two business entities. It may also refer to a business entity versus an individual or group of people.
When a California civil court grants an injunction, the court may also require surety.
Purpose of a California Injunction Bond
The California injunction bond, therefore, is required of a Plaintiff, in favor of — or perhaps more appropriately — on behalf of a Defendant(s), in case it is subsequently determined that the Plaintiff’s cause of action against the Defendant(s) was without merit.
The injunction surety bond is a financial guarantee that if such is determined by the court, the Defendant(s) will be able to be monetarily compensated for any losses which occurred precisely because of the injunction or temporary restraining order.
In this connection, please refer to California Civil Code, Chapter 3, Section 532(b).
Qualifying and the Premium
For any California plaintiff injunction bond, up to and including a $25,000 surety requirement, our agency offers this bond immediately, and without a credit inquiry. The premium will be 2% of the amount required, with a minimum of $100, whichever amount is greater.
To facilitate obtaining your injunction bond, regardless of the amount required, we’ll need all of the following when you call us:
- A copy of the California civil court order stating the injunction bond amount required. This Court Order will also provide us with a great deal of information needed for completing your surety bond (i.e. we’ll need the name of the Court and its address, etc.);
- A completed application. For injunction surety bonds $25,000 and less, we’ll complete this with you over the phone; we don’t need your signature. For amounts greater than $25,000, we’ll need you to sign, witness, and return the application. There will be a careful review by our underwriters, alongwith a business or personal credit check (Please note that we’ll only be able to get approved applicants/companies with good credit).;
- Payment of the premium, after approval of your bond.
Once your surety bond has been approved, and the premium paid, our agency issues the bond to you immediately. Your bond will be signed and notarized by us as Surety.
Upon receipt in the mail, you’ll sign your bond as Principal (or for legal counsel, your client will sign), and the file the surety bond along with the Power of Attorney to the Clerk of the Court.
Annual Renewal of Your Premium; Premium Prepayment Options
The premium associated with your California injunction bond is not a onetime payment, but will renew on the anniversary of its issuance.
We typically ask our clients to expect to plan to pay your surety bond premium at least twice: Once, when your bond is first issued, and at least one other time the year thereafter.
Our agency also offers you the option to prepay your premium for 2 or 3 years. Doing so will save you over annual renewals, besides lengthening the time between renewals.
However, please keep in mind that should your case resolve within that surety bond term, no premium refunds will be offered, either in full or prorated.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide Plaintiff injunction surety bonds in California and nationwide.
Our agency is also a provider of license and permit, court, probate, and other surety bonds in both California and in all 50 states.
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