Utah Sports Promoter Bond
Utah Sports Promoter Bond Information
A Promoter Bond is a surety bond required to ensure promoters of certain sporting events meet associated payment and performance obligations. The bond also guarantees compliance with laws and regulations governing the license and event, and protects against fraudulent activity or misrepresentation by the professional club. Through these surety bond requirements, security and protection is provided to both athletes and venue owners related to contractual payment and performance commitments. Due to the number of various sporting events represented, these bonds are known by many different names including; Mixed Martial Arts (MMA) Promoter Bonds, Professional Club Bonds, Boxing Promoter Bonds, Wrestling Promoter Bonds, Kickboxing Promoter Bonds, and Combat Sport Bonds.