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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.
The solicitor handles the provisions, cross-guarantees, iterations, and any requests for releases or substitutions, as well as consent thresholds, notice requirements, and interaction with principal agreements. They assess enforceability, potential liability, and remedies, including priority among creditors and the effect on security packages.
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Tagged solicitor Jasmine Peglar
Nash & Co assisted us in drafting a Master Associate Agreement. Jasmine Peglar was an excellent point of contact; timely in her responses and helpful in making suggestions re drafting.
Review left by Mark
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Tagged solicitor Hayley Wheatley
We used TG Baynes in relation to a dispute over a loan agreement. Hayley was excellent, provided clear advice over a number of months and assisted us in getting the matter resolved
Review left by John Douthwaite
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Tagged solicitor Kerry Pardoe
Great service from Kerry and her team despite us changing mortgage provider several times! Can definitely recommend Boyes Turner for HTB House Purchase!
Review left by Gary
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Tagged solicitor Laura Charlotte Kendall
Two failed sales and a purchase that required two attempts would test anybody. Tozers dealt with it with patience an tenacity eventually getting over the line. In the final event a sale which went from offer to exchange in 3 weeks, inc a mortgage approval and a purchase that went from offer to exchange in a week speaks volumes.
Review left by Philip Francis