Deed of inter-company cross guarantee
- Solicitor approved
- Plain English makes editing easy
- Guidance notes included
- Money back guarantee
About this document
This professionally drawn agreement provides for one or more companies to guarantee the obligations of one or more other companies even if they are not members of the same group. What is more, this agreement is not drawn to cover not only a loan/debt situation, but any contract. It gives strong protection for the lender / party on the other side.
This arrangement could be made at start of a new contract or be supplemental to an existing one.
The document also provides options for changes to the terms of the original agreement.
Applicable to any situation, even if one or more of the companies is abroad.
This deed of inter-company cross guarantee may be signed as a deed, or as a simple agreement under hand, as the notes explain.
The law in this document
There is no modern statute law relating to guarantees. This document is based on contract common law.
In these examples, the guarantee is for performance of a contract. If you are looking for a cross guarantee agreement for a contract debt only, look at Deed of inter-group guarantee of loan.
Net Lawman offers other document templates related to new guarantees at Guarantees and Indemnities.
Application and main features
- Warranties and interpretation
- The guarantees
- Continuing liability
- Changed terms of original agreement
- Lender’s right to assign
- Rights waived
- Other necessary legal provisions
This document was written by a solicitor for Net Lawman. It complies with current New Zealand law.
"I have found Net Lawman perfect for my needs and saved me thousand of dollars in legal fees getting a lawyer to produce these douc's from scratch. I have used three of the Net Lawman doc's to basically write up the NDA, contract, Non Solicitation agreements to a level of being 95% complete and then used my lawyer to sign off. My lawyer even commented how complete these doc's are.
Thanks guys, great service/product.
Cheers Dean"Dean Harper
"I have found the product exactly what I wanted and the notes helpful - as well as it being easy to locate, buy and download. There should be a better way of making your product more widely known. I have recently had experience of a tailor-made lease and this left a lot to be desired - whereas your product is well researched and ticks all the boxes."Ted
"...Yes very useful. I understand the terminology etc as I've seen a fair few legal docs before. Notes are very helpful. Gives me some base insight without the expense of a solicitor! "John K