Guarantor Promissory Note Template for Netherlands

A Guarantor Promissory Note is typically used in situations where a creditor requires additional security for a debt obligation beyond the primary debtor's promise to pay. This document type is particularly relevant in the Netherlands, where it is governed by the Dutch Civil Code and must meet specific legal requirements for both promissory notes and guarantees. The document combines the straightforward nature of a promissory note with the added security of a guarantee, making it useful for various business transactions, loans, and commercial arrangements. It includes detailed information about the payment obligation, the guarantor's commitments, and enforcement provisions. The Guarantor Promissory Note is especially valuable in situations where the creditor needs additional assurance about the repayment of the debt, such as in business loans, property transactions, or commercial contracts with significant payment obligations.

1. Parties: Identification of the Maker (primary debtor), Payee (creditor), and Guarantor, including full legal names, addresses, and any registration details

2. Background: Brief context of the underlying transaction or reason for the promissory note

3. Definitions: Key terms used throughout the document

4. Promise to Pay: Primary obligation stating the specific amount, currency, and payment terms

5. Interest: Interest rate, calculation method, and payment frequency

6. Payment Terms: Schedule of payments, payment method, and account details

7. Guarantee: Guarantor's unconditional promise to pay and scope of guarantee

8. Events of Default: Circumstances that trigger immediate payment obligation

9. Representations and Warranties: Statements of fact by the Maker and Guarantor regarding their capacity and authority

10. Notices: How and where formal communications should be made

11. Governing Law and Jurisdiction: Specification of Dutch law and competent courts

12. Execution: Signature blocks for all parties with date and place of signing