Best Practices in Relation
to Guarantee Agreements
Overview and Introduction
- Guarantee, its purpose, object and nature
- Legal status of the guarantee
- Who may be a guarantor
- Contents of a guarantee agreement
I. Preamble
- Preamble
- Date of execution and the identity of the Guarantor
- Identity of the Lenders and Managers and Agents
- Irrevocable and unconditional
- Guarantee - condition precedent
- Consideration
- Points for negotiation
II. Interpretation
- Interpretation
III. Guarantee and Indemnity
- Guarantee
- Points for negotiation
- Indemnity
- Primary obligor
- Consideration
IV. Preservation of Rights
- Preservation of Rights
Author's Profile