A deed of guarantee is a legal contract between three parties: the guarantor, the debtor, and the creditor. The guarantor agrees to pay the debt if the debtor defaults. The deed of guarantee must be in writing and signed by the guarantor.
A deed of guarantee and indemnity is a legal document that protects the seller in case they are unable to fulfill their obligations under an asset purchase agreement. The guarantor, typically the seller's parent company, agrees to cover any losses incurred by the seller.
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