This advance payment guarantee is for use where a developer makes an advance payment to a contractor and obtains a bank guarantee as security against that payment.

The guarantee is payable on demand and contains optional wording for the value of the guarantee to reduce as interim payments are made under the contract.

This legal document template is for use where a tenant who assigns his lease to a third party is required by the landlord to guarantee that the assignee will perform the tenant's obligations under the lease.

It covers:

• definitions
• authorised guarantee agreements
• the guarantor’s covenants
• the landlord’s covenant
• circumstances under which the guarantor will not be released from liability
• Contracts (Rights of Third Parties) Act 1999

The basic rule is that once a tenant transfers his lease he no longer has any obligation to the landlord.

An Authorised Guarantee Agreement keeps the original tenant on the hook in case the assignee defaults.

This Deed of Indemnity is designed for use in cases when one person (“the Guarantor”) guarantees the obligations of another (“the Indemnifier”) and seeks an indemnity from the Indemnifier against any liabilities which the Guarantor may incur under the guarantee. 

There are a number of cases when the Deed may be suitable.  The following are some examples:

• when the Indemnifier enters into a tenancy agreement and the Guarantor gives the landlord a guarantee that the rent will be paid and the other obligations of the tenancy will be complied with;
• when the Indemnifier enters into a loan agreement and the Guarantor gives the lender a guarantee that the repayments will be made; and
• when the Indemnifier runs a shop and enters into an agreement with a supplier for the supply of stock and the Guarantor gives the supplier a guarantee that the stock will be paid for.

The document consists of 4 pages with 7 clauses, detailing:

• definitions
• background
• indemnity
• notice of a claim
• dealing with a claim against the indemnifier
• dealing with a claim against the guarantor
• the bond

This agreement sets out a loan to a limited company in connection with its business, repayable with interest over a fixed term.

This is a five page document with 14 clauses covering

• the loan amount and initial drawdown
• repayments of interest
• repayments of principal
• prepayment
• due date for payment
• warranties
• information to be supplied
• borrower’s undertakings
• default
• change of ownership
• assignment
• waiver
• notices
• governing law and disputes

A Schedule is also included, allowing parties to exchange bank details.

You need this document if you want to formalise a loan agreement to a limited company, detailing the terms of your loan.

This letter details the terms of a personal loan to an individual.

There are 10 paragraphs covering

• loan amount
• payment of interest
• repayment of capital
• prepayment
• payment dates
• default
• undertakings
• notices
• assignment
• waiver

You need this document if you are making a personal loan and want to formalize the arrangement and have clear arrangements for repayments.

For use where a company entering into a contract is required by its client to provide a guarantee of its performance from its parent company. This document, while fairly balanced, is drafted from the parent company's perspective and the wording makes it clear that the parent company's liability only arises if its subsidiary commits a breach of its contract and fails to rectify the breach.

In nine clauses the document covers

• role of the Guarantor
• Guarantor’s obligations
• Guarantor’s liability
• effect of amendment to the contract
• length of Guarantor’s liability
• notices
• assignment
• third party rights
• governing law

The liability of the parent is limited so that it will be no greater than that of the subsidiary under its contract with the client.

You need this document if you are entering into a contract with another company, and want the other party’s parent company to provide a guarantee of performance for the contracted goods or services.

This payment guarantee is for use where the payment obligations of a company buying goods or services under a contract with a supplier are guaranteed by the buyer's parent company or some other third party.

In six clauses the document covers

• the Buyer’s payment obligations
• payment by the Guarantor
• the liability of the Guarantor
• notices
• governing law.

A performance bond is a form of security provided by a contractor to a developer and consists of an undertaking by a bank or insurance company to make a payment to the developer if the contractor becomes insolvent or defaults under the contract.

Our form is an ‘on demand’ bond but with some documents being required before payment is made.

You need this document if you are a developer wanting to protect your project against non-performance or insolvency by a contractor.

This tender bond (or bid bond) is for use where a buyer or developer is obtaining tenders for a contract and requires a bond as security against the risk of the successful bidder failing to enter into the contract. 

A single page document gives the beneficiary the right to call the bond on demand within a specified period and for a maximum specified amount.