Deed of inter-company cross guarantee
Professionally drawn cross guarantee for use by a company which seeks extra security before entering into a contract with a counter party. You have arranged for some other company or individual to guarantee performance of the contract by your counter party. Use at commencement of a new original contract or supplemental to an existing one. Option for changes to terms of main agreement. Strong legal protection. Applicable to any situation.
- 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 Indian law.
What other customers thought
Average customer rating
"Easy and fulfilled my needs. The documents are accepted by the other parties solicitors without my waiting for my own solicitors to act. Professional documents, easy to use saved my time and money."Roy Butterworth
"I was recommended to you some time ago - many thanks for an excellent document. I have you in my "favourites" Easy to navigate website - clearly displayed and simple to understand. Very easy to use and edit document in clear English. It has enabled me to present a professional and relevant document to my customers with ease. I will recommend Net Lawman due to easy to use website, documents in clear English and easy to edit, very reasonable and prompt."Martha Walker
"The document was clear to read, easy and quick to use. I will recommend Net Lawman due to ease of usability."Clive Bonny