The Guaranty Agreement is a fundamental legal instrument in New Zealand commercial practice, used when additional security is required for financial or performance obligations. This document is typically employed in situations where a creditor requires extra assurance beyond the principal debtor's covenant, such as in loan agreements, lease arrangements, or major commercial contracts. The agreement must comply with New Zealand law, particularly the Property Law Act 2007 and related legislation, and typically includes comprehensive provisions about the nature and extent of the guarantee, enforcement mechanisms, and the guarantor's obligations. The Guaranty Agreement is particularly important in commercial financing where parent companies guarantee subsidiaries' obligations, directors guarantee company debts, or third parties provide additional security for borrowers.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies the Guarantor(s), the Creditor, and the Principal Debtor
2. Background: Sets out the context of the guarantee, including details of the primary obligation being guaranteed
3. Definitions: Defines key terms used throughout the agreement
4. Guarantee and Indemnity: Core provision containing the guarantee obligations and indemnity
5. Extent of Guarantee: Specifies the scope and limitations of the guarantee, including maximum liability if applicable
6. Continuing Security: Establishes that the guarantee is continuing and covers future obligations
7. Guarantor's Obligations: Details specific obligations, warranties and undertakings of the guarantor
8. Preservation of Rights: Preserves creditor's rights in various circumstances like bankruptcy or variation of primary obligation
9. Payments: Specifies payment terms, currency, and method of payment
10. Costs and Expenses: Addresses liability for legal and enforcement costs
11. Notices: Sets out how formal notices must be given between parties
12. General Provisions: Contains standard boilerplate clauses including governing law, jurisdiction, and assignment
1. Security: Include when the guarantee is supported by specific security over assets
2. Multiple Guarantors: Include when there is more than one guarantor, addressing joint and several liability
3. Corporate Guarantor Provisions: Include when the guarantor is a company, addressing corporate authority and representations
4. Independent Legal Advice: Include when there's a requirement for the guarantor to obtain independent legal advice
5. Limit of Liability: Include when the guarantee is capped at a specific amount
6. Release and Replacement: Include when there are specific circumstances for releasing or replacing guarantors
1. Details of Guaranteed Obligations: Schedule listing the specific obligations being guaranteed
2. Form of Demand: Standard form for making demands under the guarantee
3. Security Details: If applicable, details of any security provided
4. Independent Legal Advice Certificate: Form for lawyer to certify that independent legal advice was given
5. Guarantor Information: Details of guarantors including addresses and contact information
Find the exact document you need
Guarantor Promissory Note
A New Zealand law-governed document combining a promissory note with a third-party guarantee, establishing debt obligations and guarantee terms.
Download
Guarantee Lease Agreement
A New Zealand-governed agreement combining property lease terms with guarantee provisions to secure tenant obligations.
Download
Guarantee And Indemnity Contract Of Sale
A New Zealand law-governed document where a guarantor provides both guarantee and indemnity obligations to secure a buyer's performance under a contract of sale.
Download
Personal Guarantee Rental Agreement
A New Zealand legal document combining a rental agreement with a personal guarantee, where a guarantor assumes responsibility for a tenant's obligations under New Zealand law.
Download
Personal Guarantee Form For Commercial Lease
A New Zealand legal document where a guarantor personally guarantees a tenant's obligations under a commercial lease, providing additional security for the landlord under NZ property law.
Download
Personal Guarantee Agreement
A New Zealand law-governed agreement where a guarantor commits to fulfilling another party's financial obligations if they default.
Download
Loan Guarantee Agreement
A New Zealand law-governed agreement where a guarantor assumes responsibility for another party's loan obligations to a creditor.
Download
Guaranty Agreement
A New Zealand law-governed agreement where a guarantor assumes responsibility for another party's obligations to a creditor.
Download
Guarantor Letter For Lease
A New Zealand legal document where a third party (guarantor) provides a formal guarantee to fulfill a tenant's lease obligations if the tenant defaults.
Download
Personal Guaranty Agreement
A New Zealand-governed agreement where one party guarantees the obligations of another party to a creditor, providing legal security for financial or performance commitments.
Download
Guarantor Contract
A New Zealand law-governed agreement where a guarantor assumes responsibility for another party's obligations or debts to a creditor.
Download
Personal Guarantee Loan Agreement
A New Zealand-compliant agreement where a guarantor provides security for a borrower's loan obligations, subject to NZ credit and consumer law.
Download
Guarantor Lease Agreement
A New Zealand-compliant agreement combining a residential lease with guarantor obligations, ensuring additional security for landlords through third-party guarantee of tenant obligations.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it