Guarantee Agreement definition: Copy, customize, and use instantly
Introduction
The term "Guarantee Agreement" refers to a legal document in which one party, known as the guarantor, agrees to take responsibility for the debt or obligation of another party, typically the borrower or debtor, in case of default. This agreement ensures that if the primary obligor fails to meet their obligations, the guarantor will cover the financial responsibility. Guarantee agreements are often used in financing arrangements, including loans, leases, or business transactions, providing security to lenders or other parties involved.
Below are various examples of how "Guarantee Agreement" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Guarantee Agreement" as a legal contract in which one party agrees to be responsible for the payment of another party’s debt in case of default
This definition connects "Guarantee Agreement" to guaranteeing payment in case of default.
"Guarantee Agreement" refers to a legal contract in which one party agrees to be responsible for the payment of another party’s debt in case of default.
Definition of "Guarantee Agreement" as a binding contract in which a guarantor pledges to fulfill the obligations of the primary obligor if they fail to meet their responsibilities, typically in relation to financial agreements
This definition ties "Guarantee Agreement" to financial obligations and responsibilities.
"Guarantee Agreement" means a binding contract in which a guarantor pledges to fulfill the obligations of the primary obligor if they fail to meet their responsibilities, typically in relation to financial agreements.
Definition of "Guarantee Agreement" as a document where a party agrees to back up the financial obligations of another, ensuring payment in case of default or failure to perform contractual duties
This definition connects "Guarantee Agreement" to backing financial obligations.
"Guarantee Agreement" refers to a document where a party agrees to back up the financial obligations of another, ensuring payment in case of default or failure to perform contractual duties.
Definition of "Guarantee Agreement" as an agreement in which a guarantor assumes responsibility for a debtor's obligation, guaranteeing the performance of the debtor's duties under the agreement
This definition ties "Guarantee Agreement" to assuming responsibility for a debtor's obligation.
"Guarantee Agreement" means an agreement in which a guarantor assumes responsibility for a debtor's obligation, guaranteeing the performance of the debtor's duties under the agreement.
Definition of "Guarantee Agreement" as a contract in which a party agrees to satisfy the terms of another party’s agreement if they fail to do so, typically in the context of business or loan agreements
This definition connects "Guarantee Agreement" to fulfilling terms in business or loan agreements.
"Guarantee Agreement" refers to a contract in which a party agrees to satisfy the terms of another party’s agreement if they fail to do so, typically in the context of business or loan agreements.
Definition of "Guarantee Agreement" as a formal contract where a third party guarantees the obligations of a borrower or other party, ensuring that the obligations will be met if the primary party defaults
This definition ties "Guarantee Agreement" to guaranteeing the obligations of a borrower.
"Guarantee Agreement" means a formal contract where a third party guarantees the obligations of a borrower or other party, ensuring that the obligations will be met if the primary party defaults.
Definition of "Guarantee Agreement" as a document that legally binds a guarantor to take responsibility for another party’s obligations, typically in situations involving loans, leases, or financial transactions
This definition connects "Guarantee Agreement" to legal responsibility for obligations.
"Guarantee Agreement" refers to a document that legally binds a guarantor to take responsibility for another party’s obligations, typically in situations involving loans, leases, or financial transactions.
Definition of "Guarantee Agreement" as an agreement where one party agrees to be financially liable for another’s obligations in case of default, often used to provide security for lending institutions
This definition ties "Guarantee Agreement" to being financially liable in case of default.
"Guarantee Agreement" means an agreement where one party agrees to be financially liable for another’s obligations in case of default, often used to provide security for lending institutions.
Definition of "Guarantee Agreement" as a legal arrangement in which a third party assumes the liability of a borrower or debtor, ensuring that the payment of debts will be made if the original party defaults
This definition connects "Guarantee Agreement" to assuming liability for debts.
"Guarantee Agreement" refers to a legal arrangement in which a third party assumes the liability of a borrower or debtor, ensuring that the payment of debts will be made if the original party defaults.
Definition of "Guarantee Agreement" as a contractual obligation in which one party agrees to fulfill the contractual commitments of another, including financial obligations, in the event of non-performance
This definition ties "Guarantee Agreement" to fulfilling contractual commitments.
"Guarantee Agreement" means a contractual obligation in which one party agrees to fulfill the contractual commitments of another, including financial obligations, in the event of non-performance.
Definition of "Guarantee Agreement" as a legally binding agreement in which a party ensures the fulfillment of another party's obligations, often including financial liability in case of default or failure to perform
This definition connects "Guarantee Agreement" to ensuring fulfillment of obligations.
"Guarantee Agreement" refers to a legally binding agreement in which a party ensures the fulfillment of another party's obligations, often including financial liability in case of default or failure to perform.
Definition of "Guarantee Agreement" as a contract that allows a lender or creditor to seek repayment from a third-party guarantor if the borrower defaults on the debt or fails to meet the terms of the agreement
This definition connects "Guarantee Agreement" to repayment by a third-party guarantor.
"Guarantee Agreement" means a contract that allows a lender or creditor to seek repayment from a third-party guarantor if the borrower defaults on the debt or fails to meet the terms of the agreement.
Definition of "Guarantee Agreement" as a formal agreement where a party agrees to assume the legal and financial responsibility for another party's contractual obligations, ensuring performance in the event of a breach
This definition ties "Guarantee Agreement" to assuming responsibility for obligations.
"Guarantee Agreement" refers to a formal agreement where a party agrees to assume the legal and financial responsibility for another party's contractual obligations, ensuring performance in the event of a breach.
Definition of "Guarantee Agreement" as a contract in which a party agrees to be held liable for another's obligations, offering security to lenders or creditors that debts will be settled if the primary party defaults
This definition ties "Guarantee Agreement" to providing security for lenders or creditors.
"Guarantee Agreement" means a contract in which a party agrees to be held liable for another's obligations, offering security to lenders or creditors that debts will be settled if the primary party defaults.
Definition of "Guarantee Agreement" as an agreement in which one party assumes responsibility for the obligations of another party, ensuring that the obligations will be fulfilled in case of default or failure to perform
This definition connects "Guarantee Agreement" to ensuring obligations are fulfilled.
"Guarantee Agreement" refers to an agreement in which one party assumes responsibility for the obligations of another party, ensuring that the obligations will be fulfilled in case of default or failure to perform.
Definition of "Guarantee Agreement" as a formalized legal document in which a third party promises to fulfill the obligations of a primary party if they fail to meet the terms of a contract or financial agreement
This definition ties "Guarantee Agreement" to formalized legal commitments.
"Guarantee Agreement" means a formalized legal document in which a third party promises to fulfill the obligations of a primary party if they fail to meet the terms of a contract or financial agreement.
Definition of "Guarantee Agreement" as a binding contract that guarantees the performance of another party’s obligations, particularly in financial contexts, by ensuring the repayment of loans or fulfillment of contracts
This definition connects "Guarantee Agreement" to guaranteeing financial obligations.
"Guarantee Agreement" refers to a binding contract that guarantees the performance of another party’s obligations, particularly in financial contexts, by ensuring the repayment of loans or fulfillment of contracts.
Definition of "Guarantee Agreement" as a document that establishes a legal obligation for a third party to cover the debt or responsibilities of a primary party if they fail to meet their contractual obligations
This definition ties "Guarantee Agreement" to establishing a legal obligation for a third party.
"Guarantee Agreement" means a document that establishes a legal obligation for a third party to cover the debt or responsibilities of a primary party if they fail to meet their contractual obligations.
Definition of "Guarantee Agreement" as an agreement in which a guarantor assumes responsibility for the obligations of another party, typically in relation to loan agreements, leases, or other contractual debts
This definition connects "Guarantee Agreement" to assuming responsibility in loan or lease agreements.
"Guarantee Agreement" refers to an agreement in which a guarantor assumes responsibility for the obligations of another party, typically in relation to loan agreements, leases, or other contractual debts.
Definition of "Guarantee Agreement" as a contract in which one party agrees to be responsible for the debts or obligations of another party, ensuring repayment or performance in case of default
This definition connects "Guarantee Agreement" to assuming responsibility for debts or obligations.
"Guarantee Agreement" refers to a contract in which one party agrees to be responsible for the debts or obligations of another party, ensuring repayment or performance in case of default.
Definition of "Guarantee Agreement" as a legally binding agreement where a third party agrees to satisfy the obligations of a borrower or another party if they fail to meet the terms of a contract or debt
This definition ties "Guarantee Agreement" to a third party satisfying obligations.
"Guarantee Agreement" means a legally binding agreement where a third party agrees to satisfy the obligations of a borrower or another party if they fail to meet the terms of a contract or debt.
Definition of "Guarantee Agreement" as a formal document in which a party pledges to pay the debt or fulfill the obligations of another party in the event of a default or breach of contract
This definition ties "Guarantee Agreement" to paying debt or fulfilling obligations in case of default.
"Guarantee Agreement" refers to a formal document in which a party pledges to pay the debt or fulfill the obligations of another party in the event of a default or breach of contract.
Definition of "Guarantee Agreement" as an agreement where one party agrees to assume financial responsibility for another party's debts, typically in the case of loans or other financial obligations
This definition connects "Guarantee Agreement" to assuming financial responsibility.
"Guarantee Agreement" means an agreement where one party agrees to assume financial responsibility for another party's debts, typically in the case of loans or other financial obligations.
Definition of "Guarantee Agreement" as a contract where a third party agrees to guarantee the performance of another party’s obligations, ensuring fulfillment in the event of a breach or failure to perform
This definition ties "Guarantee Agreement" to guaranteeing performance in case of breach.
"Guarantee Agreement" refers to a contract where a third party agrees to guarantee the performance of another party’s obligations, ensuring fulfillment in the event of a breach or failure to perform.
Definition of "Guarantee Agreement" as a legal arrangement in which a guarantor commits to assume responsibility for the defaulted obligations of another party, typically for financial transactions or loans
This definition connects "Guarantee Agreement" to assuming responsibility for defaulted obligations.
"Guarantee Agreement" means a legal arrangement in which a guarantor commits to assume responsibility for the defaulted obligations of another party, typically for financial transactions or loans.
Definition of "Guarantee Agreement" as an agreement in which one party assumes the liability of another in case they are unable to meet their obligations, offering security for lenders or creditors
This definition ties "Guarantee Agreement" to assuming liability and offering security.
"Guarantee Agreement" refers to an agreement in which one party assumes the liability of another in case they are unable to meet their obligations, offering security for lenders or creditors.
Definition of "Guarantee Agreement" as a contract that legally obligates a third party to pay the debt or meet the terms of a loan if the primary borrower defaults or fails to perform their obligations
This definition connects "Guarantee Agreement" to legal obligations and loan repayments.
"Guarantee Agreement" means a contract that legally obligates a third party to pay the debt or meet the terms of a loan if the primary borrower defaults or fails to perform their obligations.
Definition of "Guarantee Agreement" as a document where one party, known as the guarantor, agrees to take on the financial responsibility of another party’s obligations if they fail to meet the contractual terms
This definition ties "Guarantee Agreement" to taking on financial responsibility.
"Guarantee Agreement" refers to a document where one party, known as the guarantor, agrees to take on the financial responsibility of another party’s obligations if they fail to meet the contractual terms.
Definition of "Guarantee Agreement" as an arrangement where a party guarantees the payment of another party’s debts or obligations, providing a form of security for creditors or investors
This definition connects "Guarantee Agreement" to guaranteeing payments and providing security.
"Guarantee Agreement" means an arrangement where a party guarantees the payment of another party’s debts or obligations, providing a form of security for creditors or investors.
Definition of "Guarantee Agreement" as a contractual arrangement where a guarantor agrees to perform the obligations of another party if they fail to do so, ensuring compliance with contract terms
This definition ties "Guarantee Agreement" to ensuring compliance with contract terms.
"Guarantee Agreement" refers to a contractual arrangement where a guarantor agrees to perform the obligations of another party if they fail to do so, ensuring compliance with contract terms.
Definition of "Guarantee Agreement" as a legal document in which a third party agrees to repay a debt or fulfill a contract if the original debtor defaults, often used in financing or business transactions
This definition connects "Guarantee Agreement" to repaying debts and fulfilling contracts.
"Guarantee Agreement" means a legal document in which a third party agrees to repay a debt or fulfill a contract if the original debtor defaults, often used in financing or business transactions.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.