Professionally drawn cross guarantee to benefit a lender or other counter party dealing with to one or more members of a group of companies (or associated individuals). Each member of the group guarantees one or more loans or contracts made by one or more of the others. Could be at start of a new original contract or supplemental to an existing one. Option for changes to terms of main agreement. Strong protection for lender / counter party. Applicable to any situation.
Compliant with the latest law
Document properties
- Length:8 pages (2000 words)
- Available in:
Microsoft Word DOCX
Apple Pages
RTF
Backed by our watertight guarantee
If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.
Written in plain English
We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.
Guidance notes included
You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.
Support from our legal team
We offer free support by email in respect of editing the document. You can also use our Document Review Service if you want to our legal team to check that the document will do as you intend.
Up to date with the latest law
Our documents comply with the latest relevant law. Our lawyers regularly review how new law affects each document in our library.
How our service works
Edit Your Document
Download your document & complete it at your own pace. Our guidance notes explain what to consider and how to edit.
Upload for Legal Review
Let our legal team check that the document does what you intend.
Print, Date & Sign
Signing the document makes it legally binding.
About this document
This professionally drawn agreement provides for one or more companies to guarantee the obligations of one or more other members of the group of companies, as set out in a named, identifiable contract. It gives strong protection for the lender.
This arrangement could be made at start of a new original contract or supplemental to an existing one. Such an agreement is most often used to guarantee repayment of a debt, but a cross guarantee could be used to cover any contractual obligation.
The document also provides options for changes to the terms of the main agreement.
Applicable to any situation, including where the group companies are abroad.
This deed of inter-company cross guarantee may be signed as a deed, or as a simple agreement under hand, as the notes explain.
The law in this document
There is no modern statute law relating to guarantees. This document is based on contract common law.
Alternative documents
If you are looking for a situation where the guarantor is not a member of the same group of companies, or where you want to guarantee performance rather than repayment, look at Deed of inter-company cross guarantee.
Net Lawman offers other document templates related to new guarantees at Guarantees and Indemnities.
Application and main features
- The guarantees
- Continuing liability
- Additional lender safeguards
- Covers payments received from foreign based subsidiaries
- Lender’s right to assign
- Other necessary legal provisions
© 2000 - 2023 Net Lawman Limited.
All rights reserved
All rights reserved