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Compensated Surety
A surety who receives compensation for guaranteeing the performance or obligations of another.
Contract Change
Modifications or amendments to the terms and conditions of a contract, typically agreed upon by all involved parties.
Right to Contribution
The legal right allowing a party who has paid more than their share of a common debt to demand reimbursement from other liable parties.
Cosureties
Joint parties who guarantee to pay back a loan or satisfy a debt for someone else if that person fails to do so.
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