Top 10 of 24 law firms for Guarantee Clause, Contract Law | Southwark, London
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A guarantee clause in a contract sets out the guarantor’s duty to cover the debt or obligations if the primary debtor fails. A solicitor drafts and reviews the clause to define who is guarantor, the scope of the guarantee, any limits or exclusions, and how and when enforcement can occur. They also check for conflicts with other security, ensure notices and triggers are clear, and consider issues like continuing guarantees, change of borrower, or access to remedies. Practice may involve negotiating terms with lenders or counterparties.
