Limited Guarantee Agreement – Short Form
TR.D&C.03.04
This Short Form Limited Guarantee Agreement is a legally binding document that allows for one party to agree to assume liability for the obligations of another under a separate agreement. For example, the Creditor/Lender in a Loan Agreement may require the Debtor/Borrower to provide a Guarantor before financing the loan.
If a Guarantee Agreement is in place, the Creditor can request the Guarantor to repay the loan in the event that the Debtor defaults its obligations under the Loan Agreement.
This document can be used by either businesses or individuals. It is best suited to guaranteeing smaller agreements and loans etc as it only provides limited cover for ancillary risks.
This agreement contains a provision that limits the maximum amount of money for which the guarantor may be liable. If unlimited liability is required then you are advised to download and use the ‘Unlimited Guarantee Agreement – Short Form’.
Alternatively if a guarantee with more detailed risk protection is required then you are advised to download and use the ‘Limited Guarantee Contract– Long Form’.
This Short Form Guarantee Agreement contains the following clauses;
1. Borrower’s Obligations
2. Guarantor’s Obligations
3. Waiver
4. Borrower’s Bankruptcy of Liquidation
5. Liability
6. Termination
7. Applicable Law and Jurisdiction
This document is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
Once you have subscribed to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.
If a Guarantee Agreement is in place, the Creditor can request the Guarantor to repay the loan in the event that the Debtor defaults its obligations under the Loan Agreement.
This document can be used by either businesses or individuals. It is best suited to guaranteeing smaller agreements and loans etc as it only provides limited cover for ancillary risks.
This agreement contains a provision that limits the maximum amount of money for which the guarantor may be liable. If unlimited liability is required then you are advised to download and use the ‘Unlimited Guarantee Agreement – Short Form’.
Alternatively if a guarantee with more detailed risk protection is required then you are advised to download and use the ‘Limited Guarantee Contract– Long Form’.
This Short Form Guarantee Agreement contains the following clauses;
1. Borrower’s Obligations
2. Guarantor’s Obligations
3. Waiver
4. Borrower’s Bankruptcy of Liquidation
5. Liability
6. Termination
7. Applicable Law and Jurisdiction
This document is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
Once you have subscribed to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.
Limited Guarantee Agreement – Short Form is part of Business Documents. Just £35.00 + VAT provides unlimited downloads from Business Documents for 1 year.