Imminent Breach of Bonded Contract Law and Legal Definition
According to 13 CFR 115.10 [Title 13 Business Credit and Assistance; Chapter I Small Business Administration; Part 115 Surety Bond Guarantee; Subpart A Provisions for all Surety Bond Guarantees], imminent breach of bonded contract means a threat to the successful completion of a bonded Contract which, unless remedied by the Surety, makes a default under the bond appear to be inevitable.
