template

Seller's Deed of Guarantee (Under Asset Purchase Agreement)

by
Genie Team
Genie Team
Sep, 28 2022

When to use this template

A deed of guarantee and indemnity is a legal document that protects the seller in case they are unable to fulfill their obligations under an asset purchase agreement. The guarantor, typically the seller's parent company, agrees to cover any losses incurred by the seller.

Key issues covered in this template

  • Assignment of rights
  • Counterparts
  • Deemed received
  • Definitions and interpretation
  • Guaranteed Obligations
  • Guarantor's obligations
  • Notice period
  • Payment direction
  • Payment obligations
  • Variations to agreement
  • N/A

What to watch out for

  • That the guarantor will be the parent company of the seller

  • The seller's obligations under an asset purchase agreement

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Used by

Author

Genie Team

Genie Team

@genieteam
Genie AI

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

Additional information

Business categories

Business activities

Contract type

Relevant sectors

Finance

Relevant company sizes

1 - 3

4 - 19

20 - 49

50 - 249

250 - 999

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes