#116: Termination as a Condition of Performance Bond Liability
NH Construction Law
AUGUST 21, 2022
Conversely, not terminating also forgoes the protection of the bond – if termination is an enforceable condition of the surety’s liability. Wrongful termination will not only be a breach of contract giving the principal a claim for damages against the obligee, but it will forfeit the protection of the bond. In Arch Insurance Co.
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