Seller's Deed of Guarantee (Under Asset Purchase Agreement)
by
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
1
Used by
Author
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.