The contract surety’s General Indemnity Agreement is the fundamental agreement establishing the contractual obligations running from the principal and indemnitors to the surety. Despite being titled the “General Indemnity Agreement”, the agreement does much more than merely creating and addressing the surety’s right of indemnification. It provides so many more important obligations that the indemnitors agree to perform in exchange for the surety considering the execution of bonds on behalf of a principal. During this NASBP Virtual Seminar, Adam Friedman of Chiesa Shahinian & Giantomasi PC will share highlights and discusses these wide-ranging obligations of the indemnitors to the surety.
Adam P. Friedman is a member of Chiesa Shahinian & Giantomasi PC in West Orange, New Jersey, and New York, New York, where his more than 25 years in practice (almost all with CSG) has focused primarily upon litigation involving surety bonds and policies of fidelity insurance in the state and federal courts of New York and New Jersey. He is a frequent author and presenter on topics related to fidelity and surety law, and is a past Chair of the Fidelity and Surety Law Committee of the American Bar Association’s Tort Trial and Insurance Practice Section. He received his B.S. in meteorology (yes, really) from Cornell University and his J.D. from Yeshiva University’s Cardozo School of Law, where he was an editor of the Cardozo Law Review. Before entering private practice, he was honored to serve as a law clerk to the Honorable Arthur D. Spatt of the United States District Court for the Eastern District of New York.
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