Revised Loan Guarantee and Indemnity templates
Loan Guarantees are often used where the lender in a financing arrangement requires the borrower to provide some security before financing the loan. It can be crucial for a lender to have in place a guarantee with terms which are suitable in the circumstances, in particular terms providing adequate protection for the lender.
Revised Loan Guarantee templates
We have therefore recently reviewed all of the guarantee templates in the Loan Guarantee & Indemnities subfolder to refresh and improve them, and to bring them into line with current practice.
We have also recently reviewed the various template guarantee documents in our Business Folder and have replaced them with a comprehensive range of new template guarantees covering a variety of situations and reflecting up to date commercial practice. Those templates deal with various situations where a supplier requires a third party to guarantee that the customer will pay for goods or services or where a client requires a third party to guarantee that a contractor will carry out its contractual obligations and meet its liabilities. You can see our Newsletter about these new documents by clicking here.
The contents of this Newsletter are for reference purposes only and do not constitute legal advice. Independent legal advice should be sought in relation to any specific legal matter.