Top 10 of 24 law firms for Guarantee, Contract Law | Southwark, London
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A guarantee is a secondary obligation in which a person (the guarantor) promises to pay or perform the debt or obligation if the primary debtor fails. It covers the terms of the guaranty, the scope of the guaranteed obligation, and any conditions or limits. A solicitor reviews and drafts guarantees, negotiates precise wording, checks governing law and enforceability, and advises on release, variation or non-payment consequences, often in commercial lending or supplier contracts.
