An Event Promotion Surety Bond is a license and permit surety bond required by certain government jurisdictions. The bonds are required of boxing, wrestling, kickboxing or mixed martial arts promoters oftentimes in addition to their individual license bonds. The event promotion surety bonds are typically a match permit bond that covers a single event and guarantees payments to all participants and payments of purses promised in the advertising. Or, the event promotion surety bond is a tax bond that guarantees proper payment of taxes from event sales.
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