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LEGALDOCS - Guaranty Agreement Questionnaire


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This is an example of a completed Guaranty Agreement.


THERE IS A CHARGE OF $9.95 TO OBTAIN AND PRINT THIS DOCUMENT. You can proceed with the Questionnaire, and obtain a Guaranty Agreement free of charge, but to obtain the final, completed document, ready for viewing and instant printing (or Save-to-File), you will be asked to submit credit card information and will be billed $9.95. However, please feel free to complete or review this Questionnaire and the Summary which will be produced. It is educational and will provide some insight regarding which areas, minimally, should be covered, and will let you see if the subject matters important to you are covered in the Guaranty Agreement

Once you pay for the document, you can return to this site and access and modify the completed document for 24 hours as long as you use the same computer. The completed document is available in MSWord format, so you can print and/or save it to your hard drive. You can then modify the document on your system in MSWord, or (during the initial 24 hour period) modify the document by clicking on the document link in legaldocs.com. You can also copy/paste the document into any other word processor and print or make changes as you desire.


A Guaranty is a seperate obligation to answer for another's debt, default or failure to perform. A Guaranty is an independent contract. There are three parties to a Guaranty. The first party is the underlying obligor, or Debtor. Next is the party to whom the obligation is owed, or Creditor. Lastly is the party which is guaranteeing the debt or performance of the Debtor, called the Guarantor.

This is a basic Guaranty Agreement that may be used by a Creditor to cause a person or entity to guarantee the debt or performance of another. A Guaranty may be limited to a stated amount or particular performance. It may also be continuing if it covers ongoing transactions. A Guaranty is often requested by a Creditor when a Debtor lacks financial strength. For example, Creditors often request the principals or officers of a small or closely held corporation to guarantee its debts.


To create a Guaranty Agreement, complete this questionnaire.

INFORMATION REGARDING THE PARTIES

Enter the name and address of the party guaranteeing the obligation ("the Guarantor"):

Name:
Address:

Enter the name and address of the party owing the obligation ("the Debtor"):

Name:
Address:

Enter the name and address of the party to whom the obligation is owed ("the Creditor"):

Name:
Address:

The Guaranty Agreement will be signed on


Is the guaranty limited (covering one obligation only) or continuing (including future obligations)?

Limited

Continuing

Describe the debt or obligation being guaranteed. FINISH THIS SENTENCE (and do not capitalize the first word or place a period at the end of the sentence).
THE DEBT OR OBLIGATION BEING GUARANTEED IS:

(for example:

"the repayment of a promissory note in the sum of $xxxx" OR

"a lease dated dd/mm/yy for the property located at xxx" OR

"repayment in full for all account purchases made by xxxx from yyyyy" OR

"a general line of credit for purchases made by xxxx from yyyy")


Should the Guaranty Agreement contain an attorney's fees clause?

No, do not include an attorneys' fees clause.

Yes, include an attorneys' fees clause.


The Guaranty Agreement will be interpreted under the laws of the State of


The Guaranty Agreement is signed in the:

City of:
County of:
State of:

The exact name and title of the person who will sign the Guaranty Agreement is:

.

(For example, John Smith, President)


This completes the information input for your Guaranty Agreement. When you Send this Form, this program will prepare a Summary of the Guaranty Agreement for your review. Make sure that all facts stated in the Summary are correct in all respects.


 


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