Free Personal/Corporate Guarantee

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Personal/Corporate Guarantee Details
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This software has the flexibility to let you quickly create the Personal/Corporate Guarantee you want. It does this by providing many options with appropriate defaults.

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Guarantee
Type of Guarantor: Q. If the Guarantor is an executive with a corporation, does this make it a corporate guarantee?

A. Only if the executive is acting on behalf of a corporation (the guarantor) when he agrees to be responsible for the obligations and debts of the Debtor. If the executive is acting in his own capacity, then this would be a personal guarantee.
Personal Guarantee: This guarantee is used when an individual agrees to be held responsible for completing the duties and obligations of a debtor to a lender, in the event that the debtor fails to fulfill the terms of the debtor-lender contract.
Corporate Guarantee: This guarantee is used when a corporation agrees to be held responsible for completing the duties and obligations of a debtor to a lender, in the event that the debtor fails to fulfill the terms of the debtor-lender contract.

Type of Guarantee:
Continuing Guarantee: In this type of guarantee, the guarantor assumes liability for future obligations owed by a debtor to a lender or creditor in subsequent transactions, which either continue the debtor's liability or renew it from time to time after it has been satisfied.
Non-continuing Guarantee: In this type of guarantee, the guarantor assumes liability for past and present obligations owed by a debtor to a lender or creditor. The obligation ceases once that debt or liability has been satisfied.

Is there a maximum limit to the guarantee?
Limited Guarantee: In this type of guarantee, the guarantor is only responsible for a predetermined portion of the debtor's obligations to the lender. For example, the guarantor may be only be required to repay up to $5,000.00 of the debt owed to the lender if the debtor defaults in payment. In a limited guarantee, the maximum amount for which the guarantor may be liable must be clearly stated in the guarantee.
Governing Law
Province:
Guarantor's Information (the person guaranteeing the debtor's obligations)
Number of Guarantors:

Name:
Address:
(e.g.  Street, City, Province, Postal Code)
Debtor's Information (the person that owes the money or financial obligation)
Number of Debtors:

Name:
Lender/Creditor Information
(the person that is owed the debt or financial obligations)
Number of Lenders:

Name:
Address:
(e.g.  Street, City, Province, Postal Code)
Notice Information
(e.g. 416-555-5555)
Fax number:
E-mail address:
Number of Provisions:
Signing Details
Date guarantee made: Click here to select a date from calendar