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While nothing can assure the effectiveness of a contract, a surety bond is something that can greatly lessen an individual's or company's risk in a given business transaction. While it should not be seen as a literal guarantee, it provides reassurance to the obligee that they will be financially compensated should the principal default on the terms of the agreement. The obligations of both a commercial co-venturer and a professional fundraiser are similar in many ways, especially because both may be liable for funds raised on behalf ... more