This is a supplementary contract that brings in a guarantor to a situation where the client of a provider of a service or supplier of goods has failed or is likely to fail to make payment when due. It can be used with any performance contract and can add a personal guarantee for an individual, or bring in another party, such as a business. The key benefit of this document is that the original contract remains unchanged, making this a neat solution to adding a guarantor.
More Info
This is a supplementary contract that brings in a guarantor
to a situation where the provider of a service or supplier
of goods has failed or is likely to fail to perform his part
of the contract. It can be used with any performance
contract and can add a personal guarantee for an individual,
or bring in another party, such as a business. The key
benefit of this document is that the original contract
remains unchanged, making this a neat solution to adding a
guarantor.
More Info
