template

Standard Deed Of Release Of Guarantor

by
Genie Team
Genie Team
Oct, 10 2023

When to use this template

The Standard Deed of Release of Guarantor under UK law is a legal template that outlines the terms and conditions for the release of a guarantor from their obligations in relation to a specific contract or agreement. This document is primarily used when the guarantor's liability is no longer required, either due to the successful fulfillment of the underlying agreement or through a termination or amendment of the agreement.

The template typically includes key provisions such as the identification of the parties involved in the agreement, detailed information about the original contract or transaction, and the specific terms for releasing the guarantor from their obligations. It may also cover any outstanding payments or obligations that need to be settled before the release is granted.

Additionally, the legal template may address potential issues that could arise after the release, outlining indemnification clauses to safeguard the guarantor from any future claims or liabilities related to the original agreement. It may also provide clear guidelines on the governing law and the jurisdiction where any disputes would be resolved if they were to occur.

The Standard Deed of Release of Guarantor under UK law serves as a legally binding document that protects both parties by setting out the terms for the release of the guarantor and ensuring a smooth transition from their liability. It provides certainty and clarity regarding the release process, reducing any potential legal disputes that may arise in the future.

Key issues covered in this template

  • Discharges liability
  • Duplicate originals
  • Exclusive jurisdiction
  • Governing law
  • Guarantor pays
  • Insolvency protection
  • Transmission of deed
  • N/A

What to watch out for

  • A standard form deed of release by which a beneficiary releases a guarantor from all its obligations under a guarantee

26

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.

N
E
S
G
n
B
f
M
X
D
J
F
+8 more
Other
18%
Finance
12%
Consultancy
12%
Construction
12%
Retail
9%
Real Estate
9%
Legal Services
6%
Energy
4%
Insurance
4%
Technology
4%
Media
4%
Agriculture, Forestry and Fishing
3%
Education
3%

Additional information

Business categories

Business activities

Contract type

Relevant sectors

Real Estate

Relevant company sizes

1 - 3

20 - 49

250 - 999

4 - 19

50 - 249

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes