One of the most misunderstood relationships in the law is the tri-party relationship among a contractor, its surety and the owner. The rights and duties of surety, primary obligor and obligee are governed by arcane, highly technical common law, as well as increasingly complex bond language. Our attorneys know the world of surety and have worked within it for years. We appreciate the risks held by the surety and the contractor including the business relationship and underwriting decisions that drive them.