Seller's Deed of Guarantee (Under Asset Purchase Agreement)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💴 Deed of guaranteeBusiness activity
Guarantee and indemnifyUnder the UK law, when entering into an asset purchase agreement, the buyer may require additional guarantees to protect their interests against potential risks. This template serves as a legal binding document that ensures the seller's obligations and responsibilities are met, providing the buyer with an added layer of protection.
The Seller's Deed of Guarantee clearly sets out the terms and conditions under which the guarantor will step in and assume the seller's obligations and liabilities, should the seller fail to fulfill their obligations under the asset purchase agreement. This includes scenarios such as financial defaults, breach of contract, or failure to transfer the assets as agreed.
By using this legal template, both the seller and the buyer can establish a mutual understanding and agreement regarding the guarantee obligations. This document provides a clear framework for resolving any disputes and clarifying the recourse available to the buyer in case of a breach of the asset purchase agreement.
It is important to note that the Seller's Deed of Guarantee is specifically designed for asset purchase agreements and is governed by UK law. It is recommended that both parties involved seek legal advice to customize the template to their specific transaction and ensure compliance with applicable regulations.
How it works
Create doc / use template
Chat to our AI Legal Assistant
Edit, collaborate & share
Export to .docx
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
Whole High Street Shop Lease
The template covers crucial aspects such as rent, deposit, lease duration, renewal options, and termination conditions. It outlines the obligations and responsibilities of both parties, including maintenance and repairs, insurance, and compliance with relevant laws and regulations.
Additionally, the template addresses key commercial considerations, such as permitted use of the premises, restrictions on alterations, signage rights, and access to common areas or facilities. It may also cover provisions relating to rent reviews, rent deposits, and service charges if applicable.
The legal template aims to ensure clarity and transparency in the lease agreement, reducing the potential for disputes or misunderstandings between the landlord and tenant. It adheres to the legal requirements and considerations specific to the UK jurisdiction, providing a solid foundation for a tenancy in a high street shop setting.
Publisher
Genie AIJurisdiction
England and WalesVirtual Assistant Contract
This Virtual Assistant contract template is designed for a commercial VA organisation (or an individual virtual assistant) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of VA and VA-related services to be completed by the virtual assistant 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 VA firm or individual virtual assistant 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 WalesYoga Instructor Contract
This Yoga Instructor contract template is designed for a commercial yoga instruction organisation (or an individual yoga instructor) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of yoga instruction and yoga-instruction-related services to be completed by the yoga instructor 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 yoga instruction firm or individual yoga instructor 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).