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Corporate Guarantee Agreement | Download Free Template

Team Lawyered
Team Lawyered
  • Oct 11, 2022
  • 3 min to read
Corporate Guarantee Agreement | Download Free Template Lawyered
  1. What is a Corporate Guarantee Agreement?

A corporate guarantee is a legal agreement between a borrower, lender, and guarantor, whereby a corporation (e.g., an insurance company) takes responsibility for the debt repayment of the borrower provided it faced bankruptcy. A personal guarantee is a similar document to the corporate guarantee.

 

  1. Why is it important?

  1. secure payment,

  2. the seller can obtain advance payment,

  3. the buyer/seller can offer credit and/or obtain financing, and.

  4. secured compensation for non-fulfilment of any important obligations.



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Sophie Asveld

February 14, 2019

Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.

Blog Comment
Sophie Asveld

February 14, 2019

Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.

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