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Intellectual Property Law Committee

The Intellectual Property Law Committee mixes together its unique blend of litigation, Intellectual Property and insurance expertise to educate and inform its members and grow leaders in the ABA on interdisciplinary legal analysis and matters of conscience.

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Don’t Pay the Price: Protect the Penal Sum

Suretyship, by its nature, is a risk. One of the construction surety’s greatest fears when faced with a defaulting contractor is exceeding the penal sum of the surety’s performance bond. The surety must and should make considerable effort to protect that penal sum as it navigates the default.