Some text in this preview is hidden by to prevent copying

Highlighted text indicates that you need to enter information. Our guidance notes will help you with the editing.

Parent Company Guarantee

£13.00

This Parent Company Guarantee shall be used where a parent company is guaranteeing and indemnifying the obligations of its subsidiary company under a contract.

 
 
  • Professionally Drafted & Regularly Updated
  • Written in Plain English – Easy to Use & Edit
  • 100% Money Back Guarantee
  • Instant download with guidance notes

A Parent Company Guarantee is generally required in high value transactions when there are concerns about the creditworthiness of the subsidiary company. Typically where a guarantee is required the entity guaranteeing the obligations will be the subsidiary's parent company or the ultimate holding company of the subsidiary’s group.

This Guarantee is a primary obligation of the parent company to the beneficiary covering the financial obligations of the subsidiary company under a contract with the beneficiary.

Before entering into this Guarantee the parent company must ensure that it has the capacity to enter. The parent company must review its constitutional documents to ensure that it has explicit powers in its constitutional documents to give guarantees and indemnities. It must also take steps ensuring that giving a guarantee will not breach the provisions of any existing financing agreements it has in place, or cause an event of default under any existing agreement.

A Parent Company Guarantee may be executed on the same date or after the contract between the subsidiary company and the party who is the beneficiary of the guarantee is signed. When it is executed on the same date as the contract between the subsidiary company and the party who is the beneficiary of the guarantee it will be as a condition precedent to the contract taking effect.

Before entering into this Parent Company Guarantee there must be either adequate consideration or the document must be executed as a deed in other for it to be valid, this is because a guarantee benefits someone else at the expense of the guarantor. In order to avoid any potential discussion of whether the consideration given was adequate this Parent Company Guarantee requires to be executed as a deed.


This Parent Company Guarantee is in Microsoft Word format, written in plain English, easy to use and edit.

Check My Template Service

£59.99


If you need help with editing your Template the Check My Template Service is the solution for you.


With our Check My Template Service, a lawyer will check over your edited document to ensure the information you added is correct and the document is complete, legally binding and will achieve your goals. We will also check that your use of defined terms is correct and consistent and correct spelling mistakes, so that you can be confident that your edited document template is ready for signature.

What You Get: 

ok Icon Detailed assessment of your edited document template

ok Icon We answer all questions you might have relating to your document template

ok Icon Check that your use of defined terms is correct and consistent

ok Icon  Correct spelling mistakes

ok Icon Ensuring your document template is ready to sign


How It Works: 

 Edit your document template as fully as possible

 Send the document to us either upload it through our website or email it to info@thelegalstop.co.uk

 We will get in touch with you if we need more information

 We return your reviewed document ready to sign within 2 working days


Uploading ...

Need help with your template? Do you have questions on a template? Please get in touch!

You can use the phone number or contact form below to get in touch with us.

+44 (0) 208 870 5522

Uploading ...

Send

Can’t Find Your Template? Request It Now!

If we currently don’t have the template you need we can always draft it for you at no extra cost & 100% money back guaranteed, simply send us a no obligation request by filling in the form below.

We aim for a 7 day turnaround - you will receive an email notification when your template is ready for download from our website.

Request a Template Service

Can’t Find Your Template? Request It Now!

  • If we don’t have your template we can draft it for you
  • We aim for 7-day turnaround – you get notified when your template is ready
  • No obligation & No extra costs!

Are you human?

9 + 2 =

Please add the two numbers

Continue
This site uses cookies to improve your user experience. By using this site you agree to these cookies being set. To find out more see our Privacy Policy OK