Ontario Guarantee and Postponement of Claim

Secure the lease obligations of a corporate tenant in the Province of Ontario with this unconditional and continuing Guarantee of Commercial Lease.

• The guarantee is given by a principal of the company, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
• The guarantee is being given as a means to induce the landlord to execute the lease.
• The guarantor guarantees payment of all rent and other amounts due under the lease, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.
• Never sign a commercial lease with a business tenant without also getting a personal guarantee of the lease. Buy the form, download it, fill in the details, print and get a signature.
• Available in MS Word format.
• Intended to be used only in the Province of Ontario, 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.

Use this ready-made Directors' Resolution template to authorize a Canadian corporation to guarantee a mortgage.

• The Board of Directors resolve to have the corporation guarantee the repayment of a mortgage loan taken out by an affiliate or subsidiary, and to sign the necessary legal documents.
• This template can be used for federal corporations or for business corporations incorporated under any provincial Business Corporations Act.
• Available in MS Word format.
• Intended to be used only in Canada.

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.