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A surety bond is defined as a three-party agreement that legally binds together a principal who needs the bond, an obligee who requires the bond and a surety company that sells the bond. The bond guarantees the principal will act in accordance with certain laws. If the principal fails to perform in this manner, the… Read more »

Whenever we hear the terms Usury and Racketeering, we think of two things, organized crime, and the RICO Act. But did you know that these two terms are very common within the Florida Construction industry? Whether you are a homeowner, a contractor or a commercial business owner, usury and racketeering come in many different shapes… Read more »

Long Island Construction Attorney, John Caravella, Esq, co-presented Strafford’s AIA virtual webinar. Along with Steven Nudelman and Warren F. Jacoby, Mr. Caravella and his other co-presenters discussed the fine details of AIA Contract Documents: 2017 Modifications, Insurance and Bond Exhibit, Owner – Contractor Documents and Owner – Architect Agreements. Within this article, you will have… Read more »

Long Island Construction Law does not own this content. This content was created by the Associated Press and was published to the Long Island Business News on March 22, 2021. U.S. home builders are poised to benefit this spring home buying season amid strong demand, low mortgage rates and an all-time low inventory of previously… Read more »