Guarantee and indemnity - short form
| Author(s) : | Danos, T |
|---|---|
| Short Description : | |
| Publisher : | Digital |
| Format : | Word document deliver by email |
| ISBN : | 0000692441 |
| Published : | July, 2011 |
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This precedent document is a very short form template guarantee and indemnity for certain moneys of and performance by a borrower or other debtor.
The guarantee and indemnity is referable to a specific agreement between the beneficiary (eg a financier) and the borrower (ie the party whose liabilities are guaranteed). The precedent is suitable for use whether or not the guarantor, beneficiary and/or borrower is incorporated as a company.
The precedent is to be executed as a deed or agreement between the guarantor and beneficiary.
This guarantee and indemnity precedent includes clauses relating to:
· defining the borrower's obligations;
· an unconditional guarantee in favour of the beneficiary;
· an indemnity in favour of the beneficiary;
· the guarantor's undertakings and other obligations under the guarantee and indemnity; and
· enforcement.
Similar or related precedents available for purchase include:
· Agreement settling rights of co-guarantors inter se
· All moneys guarantee and indemnity - short form
· All moneys and performance guarantee and indemnity (non-specific) - long form
· All moneys and performance guarantee and indemnity - long form
· All moneys and performance guarantee and indemnity - short form
· Deed poll releasing guarantor from liability under guarantee
· General indemnity in respect of specific events
· Notice to guarantor that principal has made default and requiring payment
The guarantee and indemnity is referable to a specific agreement between the beneficiary (eg a financier) and the borrower (ie the party whose liabilities are guaranteed). The precedent is suitable for use whether or not the guarantor, beneficiary and/or borrower is incorporated as a company.
The precedent is to be executed as a deed or agreement between the guarantor and beneficiary.
This guarantee and indemnity precedent includes clauses relating to:
· defining the borrower's obligations;
· an unconditional guarantee in favour of the beneficiary;
· an indemnity in favour of the beneficiary;
· the guarantor's undertakings and other obligations under the guarantee and indemnity; and
· enforcement.
Similar or related precedents available for purchase include:
· Agreement settling rights of co-guarantors inter se
· All moneys guarantee and indemnity - short form
· All moneys and performance guarantee and indemnity (non-specific) - long form
· All moneys and performance guarantee and indemnity - long form
· All moneys and performance guarantee and indemnity - short form
· Deed poll releasing guarantor from liability under guarantee
· General indemnity in respect of specific events
· Notice to guarantor that principal has made default and requiring payment
