CanadaLegal.com Canada Legal .com
Directory of Canadian Legal Resources
Search  ·  Legal Forms  ·  US Legal Forms  ·  Law Firms  ·  Legal Guides  ·  Videos  ·  Articles  ·  Blog  ·  Contact Us

Canadian Legal Forms > Guarantees > Guarantee by Parent of Debt of Subsidiary

Guarantee by Parent of Debt of Subsidiary

Guarantee by Parent of Debt of SubsidiaryThis form provides for a guarantor for the repayment of a debt. More specifically, this is a guarantee whereby a parent corporation will guarantee the purchase of a third party business by its subsidary. This guarantor is, in effect, a co-signer for the obligation. The guarantor (the parent) agrees that if any of the payments or performances are not made by the subsidary, the parent will perform/pay such obligations. The guarantor also agrees that the guarantee may be enforced without having to first exhaust all other remedies against the borrower. A mere default by the borrower without any court action will suffice to require the guarantor to make good on the obligation.

See form: Guarantee by Parent of Debt of Subsidiary

Note: Some forms not suitable for use in the province of Quebec. Check form details.



Other Canadian legal forms are also available at LawDepot.com, FindLegalForms.com, and MegaDox.com.

See also more: FormsHound.com, Canadian Legal Forms, and Legal Forms.





Search (entire site)

Search  ·  Legal Forms  ·  US Legal Forms  ·  Law Firms  ·  Legal Guides  ·  Videos  ·  Articles  ·  Blog  ·  Contact Us

NOTICE: E.&O.E. Click here for important legal disclaimerSee important legal disclaimer (www.canadalegal.com/legal.asp)

©1998-2018 Canada Legal .com Oct 20, 2018
www. Canada Legal .com