LawLive ®

- Deeds of Guarantee

There are two Deeds of Covenant and Guarantee templates. The first should be used where you are the Buyer of a business and the Seller/s will after completion have outstanding obligations under the Warranties given by the Seller/s in the Sale of Business Agreement. The second should be used where you are the Sellers of a business and the Buyer/s will after completion have outstanding obligations, in particular where there is an outstanding obligation to pay the Purchase Price by instalments or to pay some other moneys. The templates formalise the guarantees and undertakings given by each of the parties.

Deed of Covenant and Guarantee: Given by Seller(s) Directors

Deed of Covenant and Guarantee: Given by Buyer(s) Directors