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All moneys and performance guarantee and indemnity (non-specific) - long form
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Format: Word document delivered by email within 24 hours , Digital
This precedent document is a long form template guarantee and indemnity for all moneys and performance of and by a borrower or other debtor.
The guarantee and indemnity is not specific to any 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 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;
· method of payment; and
· relevant warranties.
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