GUARANTEE AGREEMENT
Effective date: [DATE]. Complete the bracketed fields and remove unused options before signing.
Creditor: [FULL LEGAL NAME], [ADDRESS], [NOTICE EMAIL].
Guarantor: [FULL LEGAL NAME], [ADDRESS], [NOTICE EMAIL].
1. GUARANTEED OBLIGATION
Debtor: [NAME / ADDRESS]. Underlying agreement: [TITLE / DATE]. Guaranteed obligations: [PRECISE DESCRIPTION]. This guarantee covers only those obligations and is [LIMITED TO EXISTING ADVANCES / ALSO COVERS SPECIFIED FUTURE ADVANCES]. Consideration or other required signing basis: [DETAILS].
2. LIMIT AND DURATION
Maximum total liability, including any interest and costs: [AMOUNT AND CURRENCY]. Expiry or release event: [DATE / EVENT]. Any covered demands after expiry: [DEFINED TERMS OR NONE]. This is not an unlimited guarantee unless expressly rewritten and agreed as such.
3. DEMAND AND DEFENSES
Demand requires [EVIDENCE OF DEFAULT, AMOUNT AND DELIVERY METHOD]. Time to pay after a valid demand: [NUMBER] days. Whether the creditor must first seek payment from the debtor or collateral: [TERMS]. No mandatory defense or protection is waived.
4. CHANGES AND RECOVERY
Increases in exposure or material changes to the guaranteed debt require the guarantor's written agreement. Creditor recoveries from the debtor or security reduce the guaranteed balance; double recovery is prohibited. Guarantor reimbursement and subrogation rights after payment are preserved, subject to [AGREED PRIORITY TERMS].
5. RELEASE
The creditor confirms release when the covered debt is discharged or the agreed release event occurs. Any revocation of coverage for future advances and notice period: [TERMS OR NOT APPLICABLE]. Required witnesses, deed or other execution formalities: [DETAILS].
6. NOTICES AND CHANGES
Notices must be sent to the addresses above by [AGREED DELIVERY METHOD] and take effect on [AGREED RECEIPT RULE]. Each party must promptly notify the other of changed contact details. Changes to this agreement must be recorded in writing and accepted by all affected parties.
7. LAW AND DISPUTES
Governing law: [AGREED LAW]. Courts or other agreed dispute process: [FORUM AND PROCESS]. The parties will first try to resolve a dispute through their named contacts for [NUMBER] days, without preventing urgent relief or missing a legal deadline. Nothing in this agreement removes rights or requirements that cannot lawfully be excluded.
8. COMPLETE AGREEMENT
This document and its completed schedules record the agreement on this subject. If a term cannot be enforced, the remaining terms continue to the extent permitted. Each signatory confirms authority to sign for the named party. Counterparts and electronic signatures may be used where permitted; any additional signing formalities must still be completed.
SIGNATURES
Creditor: [NAME]
Signature: ____________________ Date: ____________________
Signing capacity, if applicable: [TITLE / CAPACITY]
Guarantor: [NAME]
Signature: ____________________ Date: ____________________
Signing capacity, if applicable: [TITLE / CAPACITY]