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Surety bonds are issued with the assumption of zero risk for the surety company. The bond outlines the agreement's terms between the principal, the surety, and the obligee, including the payout amount in case of a claim. However, it typically lacks reimbursement language for the principal. To mitigate potential losses, surety companies rely on indemnity agreements, which are two-party contracts that transfer risk from one party to another. In these agreements, the principal (indemnitor) assumes the risk, while the surety company (indemnity) is absolved of liability. This structure is essential for the functioning of surety bonds.