Products tagged with 'canada guarantee form'

Are you loaning money or extending credit facilities to a customer or other party? Document your security interest as a creditor with this Loan Security Forms Package for Canadian lenders.

• The package contains the following forms:
  • General Security Agreement,
  • Unconditional Guarantee and Postponement of Claim,
  • Promissory Note to be executed by the borrower.
• Available in MS Word format.
• Intended to be used only in Canada.

Obtain a guarantee to ensure repayment of a mortgage loan to a corporation with this package of mortgage guarantee forms for Alberta.

• The guarantee is an unconditional guarantee from a principal of the corporation who agrees to repay the principal, interest and all other sums owing under the mortgage if the corporate mortgagor defaults.
• The guarantor's liability will be to the same extent as if the guarantor was primarily liable under the mortgage security, and not just as a surety.
• The package also includes a set of corporate resolutions to be passed by the shareholders and directors of the corporate guarantor, authorizing the corporation to give the guarantee.
• This package of Mortgage Guarantee forms is intended to be used in the Province of Alberta, Canada.

Prior to assigning a mortgage to a new lender, any guarantor to the mortgage should give their consent by signing this Guarantor Consent Form.

• If a personal guarantee has been given as security for a mortgage loan and the mortgagee wants to assign the mortgage to another lender, the guarantor must consent to the assignment.
• The guarantor acknowledges that he is aware that the guarantee he gave for repayment of the mortgage loan is still binding, notwithstanding the assignment.
• This is a downloadable legal form which can be used anywhere in Canada.
• Available in MS Word format.

Prepare a Personal Guarantee of Corporate Mortgage with this downloadable template for Canadian lenders.

• The guarantor is a principal of the company obtaining the mortgage loan.
• The guarantee is taken by the lender to secure repayment of the mortgage.
• This form of guarantee is typically required by all major banks and other lenders as additional loan security.
• The Personal Guarantee of Corporate Mortgage is a digital legal form that can be used across Canada. It includes a Guarantees Acknowledgment Act form for use in the Province of Alberta.

Prepare a Guarantees Acknowledgement Act Certificate with this free form for the Province of Alberta.

• The Certificate must be attached to a Personal Guarantee.
• The lawyer/notary public certifies that the guarantor appeared in person before them, has read the guarantee and understands it, and has acknowledged executing the guarantee.
• This Certificate is required by Alberta law and must be attached to any personal guarantee signed in the province.
• This form can only be used in Alberta, Canada.

Bad things can happen when a franchisee is unable to meet its obligations. Be sure to have all your franchisees sign this Guarantee and Indemnification.

A franchisee may, for any number of reasons, find itself unable to fulfill its obligations under the Franchise Agreement. To protect your business against franchisee default, it is essential to have your franchisees sign a Guarantee and Indemnification Agreement.

Legal Basis and Structure

This document is a Canadian legal form created specifically for franchise relationships. Under the terms of the agreement, a principal of the franchisee company personally guarantees the fulfillment of all obligations and the payment of any amounts owed to the franchisor under the Franchise Agreement.

Indemnification Provisions

The franchisee company agrees to indemnify the franchisor against any losses or claims that arise as a result of the franchisee's default or inability to perform.

Acknowledgment and Covenants

By signing the Guarantee and Indemnification, the principal of the franchisee acknowledges and agrees to be bound personally by the covenants outlined in the Franchise Agreement.

Benefits of Having the Guarantee in Place

Requiring all franchisees to execute this Guarantee and Indemnification provides legal recourse if a franchisee fails to meet its obligations or is unable to continue operating its business.

Access and Governing Law

The Guarantee and Indemnification form is available for immediate download following purchase. The agreement is governed by the laws of Canada.