Suretyship Agreement Template for South Africa

1. Co-Sureties: Required when multiple sureties are involved, defining joint and several liability

2. Corporate Authority: Required when the surety is a corporate entity, including necessary resolutions and authorizations

3. Continuing Covering Suretyship: Used when the suretyship covers future debts or obligations

4. Matrimonial Status: Required when the surety is a married person, addressing matrimonial property regime implications

5. Security Cession: Optional section for cases where the surety provides additional security through cession of rights

6. Consumer Protection Provisions: Required when the surety qualifies as a consumer under the Consumer Protection Act

7. Independent Legal Advice: Optional confirmation that the surety has received independent legal advice

1. Schedule 1 - Principal Debt Details: Detailed description of the principal debt or obligation being secured

2. Schedule 2 - Secured Property: Description of any specific property or assets provided as security

3. Schedule 3 - Payment Terms: Specific payment terms, interest rates, and conditions applicable to the principal debt

4. Appendix A - Corporate Resolutions: Copies of relevant corporate resolutions where applicable

5. Appendix B - Supporting Documents: Copies of relevant underlying agreements or documents referenced in the suretyship