Injunction Bonds are available in the state of Georgia. Injunction Bonds are necessary for some litigation proceedings. Simply put, an injunction is an order from a court requiring a party to do, or not do, a particular activity. The injunction bond protects the restrained party from damages in the event the court later determines the injunction was improper.
Injunction bonds often arise in intellectual property cases as well as employment and real estate cases. In intellectual property cases, a Plaintiff often accuses a Defendant of infringement and would like to stop any of the Defendant’s actions involving the disputed intellectual property. The injunction Bond protects the Defendant if the court later determines the Plaintiff’s accusations were baseless or the Defendant was improperly suspended. Lawyers on both sides try to convince the judge of setting a bond amount most beneficial to their client. Thus, Plaintiffs will request a low bond amount and Defendants will request a high bond amount. Ultimately, however, the judge decides the bond amount.