Guaranty Template

This guaranty template has 3 pages and is a MS Word file type listed under our finance & accounting documents.

Sample of our guaranty template:

GUARANTY This Guaranty (the "Guaranty") is made and effective the [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Creditor"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [GUARANTOR NAME] (the "Guarantor"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] FOR GOOD CONSIDERATION, and as an inducement for Creditor, which from time to time extends credit to Customer, it is hereby agreed that the Guarantor does hereby guaranty to Creditor the prompt, punctual and full payment of all monies now or hereinafter due Creditor from Customer. TERMS Until termination, this Guaranty is unlimited as to amount or duration and shall remain in full force and effect notwithstanding any extension, compromise, adjustment, forbearance, waiver, release or discharge of any party obligor or guarantor, or release in whole or in part of any security granted for said indebtedness or compromise or adjustment thereto, and the Guarantor waives all notices thereto. The obligations of the Guarantor shall be at the election of Creditor be primary and not necessarily secondary and Creditor shall not be required to exhaust its remedies as against Customer prior to enforcing its rights under this Guaranty against the Guarantor. The Guaranty hereunder shall be unconditional and absolute and the Guarantor waive all rights of subrogation and set-off until all sums under this Guaranty are fully paid. The Guarantor further waives all surety ship defenses or defenses in the nature thereof, generally. In the event payments due under this Guaranty are not punctually paid upon demand, then the Guarantor shall pay all reasonable costs and attorney's fees necessary for collection, and enforcement of this Guaranty.