Obligee

1 minuteread by Gary Huddleston

Obligee — a person or organization to whom another party (the “obligor”) owes an obligation. In a bonding situation, this is the party that requires and receives the protection of the bond. For example, under a performance bond, the obligee is the project owner for whom the bonded contractor is required to perform the specified work.

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1 minuteread by Gary Huddleston

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