Continuing Guarantee Agreement Template for Singapore

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Continuing Guarantee Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Continuing Guarantee Agreement

"I need a Continuing Guarantee Agreement under Singapore law where ABC Holdings Pte Ltd will act as guarantor for a series of trade finance facilities being provided by United Bank Limited to my trading company, with a guarantee limit of SGD 5 million and an initial term until March 2025."

Document background
A Continuing Guarantee Agreement is commonly used in Singapore's business environment when ongoing financial security is required for commercial transactions. This document provides continuous security for both existing and future obligations, making it particularly valuable for revolving credit facilities, ongoing business relationships, and long-term commercial arrangements. Under Singapore law, the agreement must comply with specific statutory requirements, including those set out in the Civil Law Act and Contracts Act. The document typically includes detailed provisions about the scope of the guarantee, the guarantor's obligations, and mechanisms for enforcement.
Suggested Sections

1. Parties: Identification of guarantor, creditor, and principal debtor

2. Background: Context of the guarantee and underlying obligations being guaranteed

3. Definitions: Key terms used throughout the agreement including Guaranteed Obligations, Security, and Events of Default

4. Guarantee and Indemnity: Core obligations of the guarantor including scope of guarantee and indemnification provisions

5. Nature of Guarantee: Continuing nature and scope of the guarantee, including provisions for future obligations

6. Guarantor's Representations and Warranties: Statements about guarantor's capacity, authority, and financial condition

7. Preservation of Rights: Creditor's rights preservation clauses and waiver of defenses

8. Payments: Payment obligations, mechanisms, and treatment of taxes

9. Governing Law and Jurisdiction: Application of Singapore law and jurisdiction clauses

Optional Sections

1. Security Provisions: Additional security arrangements and enforcement rights when guarantee is secured by assets

2. Multiple Guarantors: Joint and several liability provisions when there are multiple guarantors

3. Currency Provisions: Currency conversion and payment terms for cross-border transactions

4. Assignment and Transfer: Rights and restrictions regarding assignment of the guarantee

Suggested Schedules

1. Schedule 1 - Guaranteed Obligations: Detailed list and description of the obligations being guaranteed

2. Schedule 2 - Form of Demand: Standard form template for making demands under the guarantee

3. Schedule 3 - Security Details: Description of any security provided (if applicable)

4. Schedule 4 - Conditions Precedent: List of documents and conditions to be satisfied before guarantee becomes effective

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Industries

Civil Law Act (Cap. 43): Primary legislation governing guarantees in Singapore, particularly Section 6 which deals with guarantee requirements and provisions for contracts in writing

Contracts Act (Cap. 53): Fundamental legislation covering contract formation, consideration, capacity to contract, and discharge of contracts, which forms the basis of guarantee agreements

Banking Act (Cap. 19): Relevant when the guarantee involves banking institutions, providing specific requirements and regulations for bank guarantees

Bankruptcy Act (Cap. 20): Governs situations involving guarantor bankruptcy and establishes creditors' rights in such scenarios

Companies Act (Cap. 50): Applicable when the guarantor is a corporate entity, covering corporate capacity and authority requirements for providing guarantees

Common Law Principles: Essential principles regarding guarantee formation, rights of subrogation, indemnity, and co-guarantors' rights derived from case law

MAS Guidelines: Regulatory guidelines from the Monetary Authority of Singapore applicable to guarantees involving regulated financial institutions

Unfair Contract Terms Act: Legislation protecting against unfair terms in contracts, including guarantees, particularly relevant for commercial relationships

Consumer Protection (Fair Trading) Act: Provides additional protection when the guarantee involves consumer relationships, ensuring fair trading practices

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Lease Guaranty Form

find out more

Guarantee Of Lease Form

find out more

Guarantee And Indemnity Contract Of Sale

find out more

Guaranty Of Lease Agreement

find out more

Performance Guarantee Agreement

find out more

Payment Guarantee Agreement

find out more

Personal Guarantee Rental Agreement

find out more

Personal Guarantee Form For Commercial Lease

find out more

Personal Guarantee Form

find out more

Loan Guarantee Agreement

find out more

Lease Guarantee Agreement

find out more

Joint Guarantee Agreement

find out more

Guarantee Rental Agreement

find out more

Guarantee And Collateral Agreement

find out more

Corporate Guarantee Agreement

find out more

Continuing Guarantee Agreement

find out more

Guarantor Rental Agreement

find out more

Personal Guaranty Agreement

find out more

Guarantor Contract

find out more

Loan Guarantee Form

find out more

Rent Guarantee Agreement

find out more

Loan Personal Guarantee Form

find out more

Personal Guarantee Promissory Note

find out more

Guarantee Facility Agreement

find out more

Loan Guarantor Agreement

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.