Authorised Guarantee Agreement For A New Lease (Standalone AGA)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🏚️ Authorised guarantee agreementBusiness activity
Lease a propertyAn authorised guarantee agreement is a contract between a company and its directors, in which the directors agree to indemnify the company for any losses it suffers as a result of their breach of duty. The agreement may also cover other types of losses, such as losses incurred as a result of the directors' negligence.
The purpose of this template is to establish and regulate the ongoing obligations and liabilities of the original tenant (assignor) towards the landlord, even after they have assigned their lease to a new tenant (assignee). The AGA acts as a guarantee that the assignor will remain liable for any rent arrears or breaches of the lease terms committed by the assignee during the span of the lease.
This standalone AGA can be utilized in situations where the landlord and the original tenant want to create a separate agreement for the guarantee, distinct from the original lease agreement. By executing this document, the parties can effectively protect the landlord's interests and ensure that the assignor retains liability throughout the lease term.
The template includes provisions clarifying the assignment process, rights and obligations of the assignor, consequences of default or breaches, indemnification clauses, and dispute resolution mechanisms. It should be noted that this template is tailored to comply with UK laws and regulations specifically related to lease assignments and guarantees.
Legal professionals and paralegals can utilize this template to draft an "Authorised Guarantee Agreement for a New Lease" to suit the specific circumstances of their clients, ensuring clarity, protection, and compliance for all parties involved.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
Van Driver Contract
This Van Driver contract template is designed for a commercial driving organisation (or an individual van driver) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of driving and driving-related services to be completed by the van driver on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the driving firm or individual van driver on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
Publisher
Genie AIJurisdiction
England and WalesUnfair Dismissal (Advice To Employee Client Considering Claim)
The template likely includes sections addressing the relevant legal framework surrounding unfair dismissal, which is primarily governed by the Employment Rights Act 1996. It may provide an overview of the legal definition of unfair dismissal, criteria that must be satisfied to bring a claim, and various types of dismissal that may be considered unfair.
Furthermore, the template might outline the potential remedies available to the employee if their claim for unfair dismissal is successful, such as reinstatement or financial compensation. This section may also highlight the applicable time limits for bringing a claim and the process for initiating proceedings before an Employment Tribunal.
The template may further delve into the key grounds for a successful unfair dismissal claim, discussing common scenarios that may warrant such a claim, such as dismissal on discriminatory grounds, redundancy mismanagement, or a lack of sufficient disciplinary procedures. It might also offer guidance on gathering evidence to support the claimant's case, including witness statements, employee records, and relevant correspondence.
Additionally, the document could explore the importance of pursuing alternative dispute resolution methods, like mediation or negotiation, as a potential alternative to legal proceedings. It might provide advice on engaging in these discussions to explore potential settlement options for the dispute.
Overall, the template seeks to provide legal professionals with a comprehensive guide to advise their employee clients on the viability of pursuing an unfair dismissal claim in the United Kingdom and the various aspects they should consider before initiating legal action.
Publisher
Genie AIJurisdiction
England and WalesUK Merger Control Questionnaire
When two or more companies merge or form a joint venture, it is crucial to comply with the UK's merger control rules and regulations to ensure smooth and lawful integration. The template provides a standardized set of questions and information requirements that need to be addressed while notifying the Competition and Markets Authority (CMA) about the merger or acquisition.
The questionnaire covers various aspects of the proposed transaction, such as company details, the nature of the agreement, business activities, market competition, and potential impact on the market. It may also require detailed information on market shares, customer bases, and key competitors, aiming to evaluate potential anti-competitive effects resulting from the merger.
This legal template is essential for companies engaging in mergers or acquisitions in the UK as it helps streamline the process of notifying the relevant authority. By ensuring compliance with the UK's merger control regulations, businesses can avoid penalties, delays, or even potential injunctions that may arise from non-compliance.
Overall, the UK Merger Control Questionnaire template is a valuable resource for legal practitioners, businesses, and individuals involved in merger or acquisition transactions, providing a comprehensive outline of the information required to satisfy the merger control obligations under UK law.
