💴 Deed of guarantee

About this category

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.

💴 Deed of guarantee

templates

Seller's Deed of Guarantee (Under Asset Purchase Agreement)

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.

What to watch out for

  • That the guarantor will be the parent company of the seller
  • The seller's obligations under an asset purchase agreement
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    Associated business activities

    Guarantee and indemnify

    When entering into a contract, one party may wish to guarantee and indemnify the other party in order to protect them from any losses that may occur as a result of the contract. This is often seen in contracts where one party is taking on a greater risk, such as when entering into a joint venture. By guaranteeing and indemnifying the other party, the first party is essentially saying that they will cover any losses that may occur.

    Legal firms who might be able to help

    Note: Although we list lawyers as well as legal firms who may be able to help, this does not indicate that the listed law firms have an affiliation or partnership with Genie AI.

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