Standard Deed For Guarantor To Consent To Changes Of The Guaranteed Obligations (Deed Of Consent)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💳 Deed of consentBusiness activity
Consent to amendmentsA deed of consent is a legal document that gives someone permission to do something that they would not normally be allowed to do. This could include things like getting married, changing their name, or adopting a child. The deed of consent must be signed by both parties and witnessed by a solicitor or Notary Public.
A guarantor is an individual or entity that agrees to assume responsibility for fulfilling the obligations of another party (usually a borrower) in case of default. The guaranteed obligations typically involve the repayment of loans, credit agreements, or other financial liabilities.
This template is applicable in the context of UK law, where it serves as a legally binding document indicating the guarantor's informed consent to any proposed amendments or alterations in the underlying obligations they have guaranteed. It is essential to ensure compliance with legal requirements and protect the interests of all parties involved.
The contents of this template typically include provisions specifying the parties involved, their roles, and the nature of the obligations being guaranteed. It would outline the specific changes or modifications being proposed and the manner in which they may affect the guaranteed obligations.
The template may also include clauses addressing any potential consequences or liabilities that may arise from the consented changes. These could include addressing modifications such as changes in interest rates, repayment schedules, or adjustments to the principal amount.
It is important to note that this template is intended as a tool to document the guarantor's consent regarding changes in the guaranteed obligations. It should be used in conjunction with legal advice and tailored to the specific circumstances and requirements of the guarantor, borrower, and any other relevant parties involved.
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